Investors might have sustained losses because of securities broker Peter Joseph Kalmus [CRD: 1522531, Liverpool, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Kalmus has been registered with IBN Financial Services Inc. since February 16, 2015. Read on to find out more about the disclosures concerning this securities broker.
Particularly, an IBN Financial Services Inc. client filed FINRA Arbitration No. 23-03569 about Peter Kalmus. The client alleged that Kalmus made unsuitable recommendations and failed to perform due diligence on offerings presented by GPB Capital Holdings LLC. For this reason, the investor allegedly sustained damages linked to those direct investments. Consequently, on May 3, 2024, IBN Financial Services Inc. settled this matter by paying the client $110,000 in damages.
Specifically, a client of IBN Financial Services Inc. contested Peter Kalmus’s sales practices by filing FINRA Arbitration No. 21-01312. Allegedly, Kalmus made unsuitable recommendations, failed to perform due diligence, and failed to supervise certain representatives. It appears that Kalmus caused the client to sustain damages relating to real estate securities and direct investments. Therefore, IBN Financial Services Inc. opted to settle the matter on February 22, 2022, by compensating the client in the amount of $350,000.
Notably, an IBN Financial Services Inc. client filed FINRA Arbitration No. 20-03630 about Peter Kalmus. Primarily, the client alleged that Kalmus failed to perform due diligence. Because of this, the client allegedly incurred damages connected to real estate securities. As a result, on February 22, 2022, IBN Financial Services Inc. settled this matter by paying the client $400,000 in damages.
Additionally, a client of OMNI Brokerage Inc. disputed Peter Kalmus’s sales practices by filing FINRA Arbitration No. 12-00583. Allegedly, Kalmus made unsuitable recommendations and failed to perform due diligence. It appears that Kalmus caused the client to sustain damages associated with direct investments. Consequently, OMNI Brokerage Inc. opted to settle the matter on December 18, 2012, by compensating the client in the amount of $30,000.
Do you need clarification on any investment losses associated with Peter Kalmus? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney concerning a potential recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Kalmus and brokerage firms Kalmus worked for deny allegations of sales practice violations.
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