Our firm is investigating Sanders Morris LLC financial advisor and stockbroker Erick George Revelle Kuebler (CRD# 2319437) of Dallas, Texas for potential investment-related misconduct.
Financial Advisor’s Career History
Erick George Revelle Kuebler began his securities industry career with Edward D. Jones & Co., L.P. from February 1993 to September 1993. He was then registered with J.P. Morgan Securities LLC from October 1993 to November 2016 as a broker, and from February 2004 to November 2016 as an investment adviser representative. He is currently registered with Sanders Morris LLC in Dallas, Texas, where he has been registered as a broker since November 22, 2016 and as an investment adviser representative since December 12, 2016.
Erick George Revelle Kuebler Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects three customer dispute disclosures for Mr. Kuebler, with two final matters and one pending matter. The reported matters involve allegations including excessive trading, common law fraud, breach of fiduciary duty, unauthorized and unsuitable margin trading, and a more recent pending arbitration tied to a private investment offering.
1999 NASD Arbitration Alleging Excessive Trading and Fraud
One disclosed matter arose from a customer dispute filed in 1999 involving allegations of excessive trading, common law fraud, and breach of fiduciary duty while Mr. Kuebler was associated with Bear Stearns & Co., Inc. The regulator-reported version states alleged damages of $1,293,889.41 and shows an award dated March 29, 2001 requiring payment of $749,500.00 plus interest. The broker-reported version states the client alleged that between June 1997 and December 1998 he used misrepresentations and misstatements to enter unsuitable and excessive trades, including excessive use of margin and options trading, with alleged damages of $1,400,000.00 and an award to the customer dated April 6, 2001 in the amount of $964,981.00.
2017 FINRA Arbitration Alleging Unauthorized Margin Trading and Use of Assets for a Third Party
A second disclosed matter was filed with FINRA as Case No. 17-00612. The regulator-reported allegations state that Mr. Kuebler was named in claims for breach of fiduciary duty, fraud, constructive fraud, violation of the Texas Securities Act, violation of SEC Rule 10b-5, violation of FINRA Rule 2111, breach of contract, negligence, and negligent hiring, supervision, training, and retention. The claim further alleged that customer funds were improperly used for a mortgage refinancing down payment benefiting the customer’s then-husband, and that remaining funds were moved into a Type 2 account for margin trading and municipal bond purchases to conceal the transfer. Alleged damages were reported as $500,000.00, and the regulator-reported award dated February 28, 2019 states that Mr. Kuebler was liable for $11,396.12 in compensatory damages plus 6% annual interest from March 8, 2017 until paid.
The firm-reported version states that the client alleged that, beginning in 2011, Mr. Kuebler engaged in unauthorized and unsuitable margin trading and permitted account assets to be used for the benefit of a third party during the period from March 9, 2011 through November 30, 2016. That report reflects a complaint received on December 7, 2016, later moving to FINRA arbitration, and shows an award to the customer on February 28, 2019 with monetary compensation of $126,970.21 and an individual contribution by Mr. Kuebler of $11,396.12. Mr. Kuebler’s BrokerCheck statement denies wrongdoing and says the customer had multiple advisors and that he was named because his name appeared first on the statement.
2025 Pending FINRA Arbitration Involving a Private Bond Offering
The third disclosed matter is a pending arbitration, listed as Docket No. 25-02601, involving Sanders Morris LLC. According to the broker-reported disclosure, in December 2024 Sanders Morris acted only in a limited agent or execution-only capacity in connection with a private bond offering and did not recommend, solicit, market, structure, price, or underwrite the transaction. The disclosure lists the product type as “Other: Private Investment,” states alleged damages of at least $5,000.00, and shows the notice served date as December 9, 2025. Mr. Kuebler’s statement says he was named in his capacity as a firm officer and that he and the firm intend to vigorously defend the claim.
Disclosure Summary
- NASD Case No. 99-01164: action alleged excessive trading, common law fraud, and breach of fiduciary duty; disposition: award / award to customer in March-April 2001.
- FINRA Case No. 17-00612: action alleged unauthorized and unsuitable margin trading, misuse of account assets for a third party, and related fraud-based claims; disposition: award / award to customer on February 28, 2019.
- FINRA Docket No. 25-02601: action involves a private investment or private bond offering dispute; disposition: pending.
To obtain a copy of Erick George Revelle Kuebler’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 is the suitability rule. It requires a broker to have a reasonable basis to believe that a recommendation or investment strategy is suitable for the customer based on the customer’s investment profile, including factors such as financial situation, objectives, risk tolerance, and liquidity needs. In the allegations against Mr. Kuebler involving unauthorized and unsuitable margin trading, municipal bonds, and excessive trading activity, Rule 2111 is relevant because the reported claims assert that the strategy and transactions did not fit the customer’s interests or needs.
FINRA Rule 2150 addresses the improper use of a customer’s securities or funds. The 2017 FINRA matter is significant in that the claimant alleged customer money was used to fund a down payment for a mortgage refinancing benefiting a third party, and that other account activity was used to conceal the transfer. If those allegations were proven in a broader liability context, Rule 2150 would be highly relevant because it prohibits a registered representative from making improper use of customer funds or securities.
FINRA Rule 2020 prohibits manipulative, deceptive, or other fraudulent devices. That rule is relevant to the reported allegations that account activity was unauthorized, manipulative, and deceptive, as well as the older dispute alleging misrepresentations, misstatements, excessive trading, and fraud. Where a customer alleges concealment, deceptive account handling, or misleading conduct surrounding trades or account use, Rule 2020 is one of the core FINRA standards that may come into play.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.
