Investors potentially experienced sales practice violations by securities broker Jeffery Larry Akers [CRD: 4276796, Forest Hill, Maryland], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Akers worked for Kalos Capital Inc. from February 28, 2006, to September 30, 2022, and has worked for Arkadios Capital since August 16, 2022. See the following information to find out more about this securities broker’s disclosures.
Arkadios Capital Investor Accused Akers Of Unsuitable Recommendations
Specifically, an Arkadios Capital client filed FINRA Arbitration No. 23-02375 about Jeffery Akers. Mainly, the client alleged that Akers made unsuitable recommendations involving alternative investments. For this reason, the client allegedly sustained damages pertaining to those alternative investments. As a result, on October 30, 2023, Arkadios Capital settled this matter by paying the client $10,464.00 in damages.
Jeffery Akers Disclosed Misrepresentation Allegations By Kalos Capital Inc. Client
Particularly, a client of Kalos Capital Inc. disputed Jeffery Akers’s sales practices, according to a complaint. Allegedly, Akers made misrepresentations by incorrectly telling the claimant that she was the beneficiary of her father’s policy, even though the claimant’s sister had been named as beneficiary. It appears that Akers allegedly caused the client to suffer damages associated with life insurance products. Therefore, Kalos Capital Inc. opted to settle the matter on September 21, 2016, by compensating the client in the amount of $35,000.
Have You Made Investments Through Financial Advisor / Securities Broker Akers?
Did you experience losses because of Jeffery Akers? You should contact Soreide Law Group at (888) 760-6552 or online and speak to a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Akers and brokerage firms Akers worked for deny any accusations of sales practice violations.
