ATTENTION INVESTORS: Complaints Filed Against Mitchell Brian Walk

Mitchell Brian Walk (CRD#: 3195375, Longwood, Florida) is presently a general securities representative of Kestra Investment Services, LLC. Walk, who has been employed with the firm since January 2, 2001, works out of the firm’s Longwood, Florida, Sarasota, Florida and St. Augustine, Florida offices. Notably, Walk disclosed on Financial Industry Regulatory Authority (FINRA) BrokerCheck that at least five customers filed disputes about his sales practices. Take a look at a summary of these disputes:

August 14, 2017 Arbitration Alleging Unsuitable Advice

 
On August 14, 2017, a customer of Kestra Investment Services filed FINRA Arbitration #17-02130. Notably, the customer alleged that Walk made bad recommendations to the customer. Allegedly, Walk advised the customer to invest in DPP or LP interests and real estate investments which were not suitable. Additionally, the customer claimed that Walk’s activities lacked supervision from Kestra Investment Services. Eventually, Kestra Investment Services settled the customer’s claim by paying the customer $14,999.00. Accordingly, this matter settled November 5, 2018.

October 4, 2016 FINRA Arbitration Concerning Misrepresentation Of Alternative Investments

 
On October 4, 2016, Kestra Investment Services LLC was named in FINRA Arbitration #16-02788. Apparently, this matter concerned allegations of Walk’s misrepresentation of important information about alternative investments, including DPP and LP interests. Supposedly, the customers bought the alternative investments in August 2014 because of the misrepresentations. Because of this, Kestra Investment Services agreed to pay the customer $52,500.00. However, the firm did not admit to being liable.

June 5, 2013 FINRA Arbitration Alleging Alternative Investment Unsuitability

 
Additionally, on June 5, 2013, a customer of Walk’s prior employer, NFP Securities, brought a FINRA Arbitration #13-01477 concerning Walk’s sales practices. Specifically, the customer alleged that Walk made unsuitable sales of alternative investments. Apparently, the DPP and LP investments were not appropriate considering the customer’s investment objectives. Eventually, on October 9, 2014, this matter settled for $77,500.00.

Investors who have incurred losses by investing with Kestra Investment Services’ Mitchell Brian Walk can contact Soreide Law Group at (888) 760-6552 for a free consultation. Our firm has recovered millions of dollars for investors who have suffered losses. We represent clients on a contingency fee basis and advance all costs.