Soreide Law Group provides you with information relating to securities broker Frederick “Fred” Peter Baerenz (CRD#: 2388453, Great Falls, Virginia), who worked at securities firms Pacific West Securities, Cetera Advisors, and Kalos Capital. FINRA BrokerCheck indicates that two investors filed complaints about Baerenz at Kalos Capital. Here’s a closer look at what investors allege.
Evidently, a client of Kalos Capital complained about Fred Baerenz’s alternative investment sales. The August 2020 complaint contains allegations of breach of fiduciary duty and unsuitable alternative investment sales. Supposedly, the securities broker misrepresented some information and possibly concealed information regarding the alternative investments. Additionally, the client alleges that Kalos Capital failed its due diligence. Because of this, Kalos Capital agreed to pay $14,000 to the client to resolve this matter. The securities firm did not admit to the allegations.
Also, a client brought a FINRA Arbitration Claim against Fred Baerenz. The Statement of Claim alleges breach of contract, violation of securities laws, negligence, breach of the standard and customs of the industry, violation of FINRA rules, unsuitable trading, and misrepresentation. Apparently, Baerenz caused the client to experience losses on multiple securities. Evidently, FINRA Arbitrators ordered Baerenz to pay $331,000 in compensation to the client, as the Panel determined that Baerenz was liable for unsuitable trading.
Did securities broker Fred Baerenz cause you to suffer losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer regarding a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has helped many United States investors recover losses caused by their financial advisors and securities brokers. Please note that Baerenz denies all allegations of sales practice violations.
Robert Averwater (CRD 5614514) is a Memphis, Tennessee broker. FINRA fined him $10,000, suspended him from association with any member firm in all capacities for four months, and required him to complete 10 hours of continuing education, according to an AWC issued August 18, 2026.
Qi Yang (CRD 7439718) is a San Francisco, California broker. FINRA suspended him from association with any member firm in all capacities for six months and assessed a deferred fine of $5,000, according to an AWC issued August 10, 2026.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
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