KRISTIAN L FINFROCK (CRD#: 5421676) currently listed with KALOS CAPITAL, INC. of Evansville, Wisconsin, has been named in a FINRA complaint for allegedly selling alternative and risky investments, mainly GPB Capital. According to reports, Finfrock also sold other alternative investments and non-traded REITs. Some of these alleged products were: Cottonwood Residential, HPI Real Estate Opportunities Fund, AEI Capital Corporation, Shopoff Land Fund, and ARC Trust.
According to the FINRA complaint, KRISTIAN L FINFROCK, allegedly sold over $750,000 of his client’s life savings, who is retired, into risky and illiquid alternative investments, which included $185,000 of GPB Capital.
GPB Capital is an alternative investment that may have been sold to investors as a conservative income product. It is a high risk, private placement product that should have been sold only to accredited investors. These accredited investors have a net worth over $1 million and should understand the risks associated with these products. Many broker/dealers sold GPB as a private partnership and may have been motivated by the high commissions. Allegedly, GPB Capital has been under investigation by FINRA, the SEC, and state and federal authorities for possible securities law violations.
According to FINRA’s BrokerCheck, KRISTIAN L FINFROCK, has a Pending Customer Dispute on his CRD report that was filed January 7, 2020, requesting $500,000 in damages. The allegations are, “unsuitable investments.”
KRISTIAN L FINFROCK has been in the securities industry for 12 years and has been listed with 2 firms. He is currently listed with, since March 8, 2012:
KALOS CAPITAL, INC.
7 EAST MAIN STREET SUITE 6
EVANSVILLE, WI 53536
Finfrock was previously listed with:
0/16/2007 - 03/09/2012 METLIFE SECURITIES INC - JANESVILLE, WI
If you or an elderly family member have experienced losses due to the actions or recommendations of KRISTIAN L FINFROCK of KALOS CAPITAL, INC. of Evansville, Wisconsin, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.
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