John George Kallis (John Kallis) – Financial Advisor/Broker John Kallis Suspended from the Securities Industry

John George Kallis (John Kallis) – Financial Advisor/Broker John Kallis Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses

John George Kallis (John Kallis) CRD #4366410

John Kallis is a currently licensed financial advisor/broker with Kestra Investment Services, LLC. John Kallis was a previously licensed financial advisor/broker with MWM Advisory and LPL Financial LLC. FINRA reports that John Kallis was fined $5,000 and was suspended from the securities industry for 45 days in August 2020.

According to FINRA:

John Kallis consented to the sanctions and to the entry of findings that John Kallis participated in private securities transactions without providing prior written notice to his member firm. The findings stated that John Kallis solicited investors, one of whom was a customer of the firm and both of whom were long-time friends of John Kallis, to purchase interests in a limited liability company formed to invest in a minor league professional soccer team. John Kallis participated in additional investments by both investors in the company. In the aggregate, both investors invested a total of $95,141.20. John Kallis participated by, among other things, providing the investors with the subscription agreement along with other written materials, and by communicating with them verbally and by email to discuss the investments. John Kallis did not receive any compensation for soliciting the investments, nor did he represent or otherwise suggest that the investments had been approved by the firm. However, John Kallis failed to provide the firm with prior notice or obtain the firm’s advance approval before participating, as required. The findings also stated that John Kallis incorrectly answered no on firm compliance questionnaires that asked him whether he had participated in any private securities transactions away from the firm.

According to John Kallis BrokerCheck Report, John Kallis was discharged from LPL Financial LLC in November 2018. John Kallis allegedly violated the Firm’s outside business activity and private securities transaction policy for failure to timely disclose.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with John Kallis 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 John Kallis’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 John Kallis 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.

Some of the information in this blog post was obtained on 7/14/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.


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