The Financial Industry Regulatory Authority (FINRA) discloses on FINRA BrokerCheck that a customer of Kalos Capital, Inc., a FINRA regulated brokerage firm, brought a claim involving the bad sales practices of Michael Haffling (CRD#: 5133150, Orland Park, Illinois). Evidently, Michael Haffling is a general securities representative who joined the firm’s Orland Park, Illinois and Western Springs, Illinois offices on December 19, 2013. Here is a snapshot of the customer’s dispute involving Haffling.

May 1, 2018 Customer’s Claim Against Kalos Concerns Michael Haffling, Unsuitable REIT Advice


An investment related claim brought by a Kalos Capital customer involves allegations of unsuitability. Particularly, the customer brought FINRA #18-01492 on April 25, 2018. Supposedly, Michael Haffling made bad and unreasonable investment recommendations to the customer. According to the customer, Haffling advised the customer to buy real estate securities which may have included real estate investment trust (REIT) products. Mainly, those investments are speculative and can generate substantial losses for investors when the real estate market experiences volatility. Supposedly, by investing in the real estate securities, the customer incurred $60,000.00 in losses. Therefore, the customer requested monetary compensation from Kalos Capital for the harm Haffling supposedly caused. This matter is still underway.

About Suitability

Brokerage firms and securities representatives like Michael Haffling are required to have a “reasonable basis” to believe their recommendations are suitable for investors. Because of this, firms and securities representatives must take into account the customer’s investment profile. Further, those under a fiduciary obligation to their customer cannot make recommendations that do not conform to the customer’s best interest. Indeed, securities regulators commonly sanction brokerage firms and securities representatives for violating suitability rules. Additionally, it is possible for investors to recover damages against securities representatives or brokerage firms selling them unsuitable investments.

Did Michael Haffling Give You Bad Advice?

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Experienced losses from Kalos Capital, Inc. broker Michael Haffling? If so, contact Soreide Law Group at (888) 760-6552 and speak with our qualified counsel about a possible recovery of your losses. Soreide Law Group represents clients nationwide and only charges a fee upon recovery of losses.