DID PATRICK ARTHUR STRUBBE CAUSE YOU INVESTMENT LOSSES?
Patrick Strubbe Of Arkadios Capital And Formerly With Kalos Capital, Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Patrick Strubbe Of Arkadios Capital?
Patrick Strubbe (CRD #2845724) is a seasoned financial professional currently registered with Arkadios Capital in Atlanta, Georgia, since August 11, 2022, and Arkadios Wealth Advisors in Columbia, South Carolina, since August 10, 2022. Strubbe has a long history in the securities industry, with previous registrations at firms including Kalos Capital, Inc., Kalos Management, Hornor, Townsend & Kent, Inc., and others. Throughout his career, he has passed one principal/supervisory exam, three general industry/product exams, and two multi-state securities law exams. He is currently licensed in 14 U.S. states and territories, reflecting a broad reach in his professional activities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Strubbe Customer Complaints and Reviews
Patrick Arthur Strubbe has three reported customer disputes:
- Customer Dispute 1 (Settled):
- Date Received: May 18, 2021
- Allegations: Unsuitable recommendations, inadequate due diligence, and failure to supervise related to direct investments in DPPs and LP interests, private equity, and BDCs.
- Outcome: The dispute was settled on May 31, 2023, for $30,000, with Strubbe contributing the settlement amount.
- Customer Dispute 2 (Settled):
- Date Received: October 23, 2020
- Allegations: Dissatisfaction with account involving alternative investments.
- Outcome: The dispute was settled for $14,000, with no contribution from Strubbe.
- Customer Dispute 3 (Settled):
- Date Received: November 2, 2005
- Allegations: Fraud, breach of fiduciary duty, misrepresentation, and suitability in the recommendation to sell various securities to fund the purchase of a charitable gift annuity.
- Outcome: The dispute was settled for $50,000 on December 27, 2006, with Strubbe contributing the settlement amount
Allegations Against Patrick Strubbe
The allegations against Patrick Arthur Strubbe include:
- Unsuitable Recommendations and Failure to Supervise: Allegations involved making unsuitable investment recommendations, failing to conduct adequate due diligence, and not properly supervising transactions related to direct investments, private equity, and BDCs.
- Account Dissatisfaction: A client expressed dissatisfaction with account performance related to alternative investments, leading to a settlement.
- Fraud and Misrepresentation: Strubbe faced allegations of fraud, breach of fiduciary duty, and misrepresentation in recommending the sale of securities to fund a charitable gift annuity, which was settled with a significant monetary compensation.
Patrick Strubbe Red Flags & Your Rights As An Investor
Of course, Patrick Strubbe did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Patrick Strubbe at Arkadios Capital and Kalos Capital, Inc. on alert to review carefully the activity and performance of their accounts and question whether Patrick Strubbe has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Arkadios Capital and Kalos Capital, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Arkadios Capital Due To Patrick Strubbe
If you have questions about Arkadios Capital, Kalos Capital, Inc. and/or Patrick Strubbe and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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