Investors potentially experienced sales practice violations by securities broker Karl Wolfgang Suess [CRD: 5255922, Chicago, Illinois], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Suess worked for Great Point Capital LLC from November 13, 2020, through March 26, 2026. He also worked for Great Point Advisors LLC from November 13, 2020, to December 31, 2021. He has been registered with Quincy Wells Capital LLC since March 27, 2026, and registered with Quincy Wells Advisors LLC since January 7, 2022. Investors are encouraged to continue reading to learn more about a pending client dispute involving Suess.
Great Point Capital Investor Accused Karl Suess Of Unsuitable Recommendations, Lack Of Due Diligence, And Breach Of Contract
Particularly, on March 9, 2026, a Great Point Capital LLC client filed FINRA Arbitration No. 25-02296 about Karl Suess. Mainly, the client alleged that Suess made unsuitable recommendations, failed to perform adequate due diligence, breached a contract, and breached his fiduciary duty in connection with real estate securities purchased through a 1031 exchange strategy. Because of this, the client allegedly sustained damages. Therefore, the client requested compensation from Great Point Capital LLC or Suess. BrokerCheck indicates that this arbitration is pending a resolution.
What Is A Breach Of Fiduciary Duty In DST Investments?
A Delaware Statutory Trust, or DST, is a legal structure commonly used to own real estate. Basically, investors buy fractional interests in the trust rather than directly owning the property themselves. A breach of fiduciary duty involving a DST investment generally refers to allegations that a financial advisor failed to act in the client’s best interests when recommending or managing the investment. This may include recommending an unsuitable DST, failing to explain risks such as illiquidity, fees, lack of control, or real estate market exposure, concentrating too much of the client’s money in DSTs, or failing to provide balanced information about the investment’s potential benefits and drawbacks.
Have You Made Investments Through Financial Advisor / Securities Broker Suess?
Are you concerned about investments you made through Karl Suess? You should contact Soreide Law Group at (888) 760-6552 or online. Speak to a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the country. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Suess and brokerage firms Suess worked for deny accusations of sales practice violations.
