Darren Kubiak – Financial Advisor Darren Kubiak Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Darren Kubiak CRD #1239086
Darren Kubiak is a financial advisor/broker licensed with Kalos Capital, Inc.
According to FINRA, Darren Kubiak was suspended from the securities industry for 3 months and fined $5,000.
According to FINRA Allegations:
Darren Kubiak consented to the sanctions and to the entry of findings that Darren Kubiak recommended the purchase of leveraged and inverse exchange traded funds (LIETFs) to customers without having a sufficient understanding of the risks and features associated with the LIETFs. The findings stated that Darren Kubiak thereby failed to have a reasonable basis to make these recommendations. Darren Kubiak recommended these customers purchase LIETFs, which the customers then held for an average of 722 days. These extended holding periods caused Darren Kubiak’s customers to incur approximately $98,000 in losses. Darren Kubiak failed to perform reasonable due diligence. Moreover, Darren Kubiak did not understand that LIETFs are generally expected to lose value over time and that losses are compounded because of how the LIETFs’ valuations are reset each day.
According to Darren Kubiak’s CRD:
Two customer disputes alleging sales practice violations against Darren Kubiak are currently pending.
Customer Dispute 7/12/19: Allegations include unsuitable investments; sales commenced in 2012 and continued for approximately 5 years. This customer dispute is pending and seeks $495,368.50.
Customer Dispute 6/17/19: Allegations include that between 2014 and 2018, claimants invested about $170,000 in GPB funds which they claim were unsuitable despite providing suitability info that indicated otherwise. This customer dispute is pending and seeks $500,000 in damages.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Darren Kubiak and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Darren Kubiak’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Darren Kubiak and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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