Securities Fraud Lawyer Blog
Kalos Capital investigation into non-traded REIT and private placements
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the private placement activity of Kalos Capital, an Alpharetta, Georgia based broker dealer with offices in Las Vegas, Nevada.
The pending customer complaint that gives rise to the investigation concerns an over concentration into high commission, high risk private placement investments in REITs and oil and gas programs. Among the investments are GPB Waste Management, Peachtree Hotel Fund, HPI Real Estate Fund, Waveland Resources, the Shopoff Land Fund and GPB Holdings II. These investments were recommended to an elderly investor as a means of providing income to him in retirement. Instead, due to an over concentration into these illiquid programs, the client has been unable to liquidate his holdings, and has suffered substantial unrealized losses. We have previously blogged about Shopoff and GPB Capital Holdings’ issues with regulators.
REITs and private placements entail significant risk, and are not suitable for all investors. In addition, it is not unusual to see fees of over 12-15% coming off the top, meaning that for every dollar invested, only 85 cents goes towards the project.
Kalos Capital registration and disciplinary history
In order to lawfully sell investments to the public, a broker dealer must either be registered or exempt from registration. FINRA maintains a database that the public can access to check the credentials of firms and their financial advisors. The website, also known as broker check has a listing for Kalos Capital, which has been the subject of two regulatory investigations.
If you are the victim of investment fraud, or have had your account over concentrated in illiquid oil and gas private placements please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.