Darren Michael Kubiak (Darren Kubiak) - Financial Advisor/Broker Darren Kubiak Allegedly Sold the High-Risk Investment, GPB Funds
Darren Michael Kubiak (Darren Kubiak) - Financial Advisor/Broker Darren Kubiak Allegedly Sold the High-Risk Investment, GPB
Darren Kubiak was a previously licensed financial advisor/broker with Kalos Capital, Inc. According to Darren Kubiak’s BrokerCheck report, four customer disputes have been filed alleging sales practice violations against Darren Kubiak., including the sale of GPB Funds.
Customer Dispute 1/9/20: Allegations include unsuitable investments. This customer dispute is pending and seeks $500,000 in damages.
Customer Dispute 9/10/19: Allegations include unsuitable recommendations, negligence, breach of fiduciary duty, negligent supervision and breach of contract. This customer dispute is pending and seeks $500,000 in damages.
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 in damages.
Customer Dispute 6/17/19: Claimants allege that between 2014 and 2018, claimants invested about $170,000 in GPB Funds . This customer dispute seeks $500,000 in damages.
Goodman & Nekvasil, P.A. May Recover Investors Losses on GPB and/or Other Investments
Our Firm has recently filed arbitration claims against Concorde Investment Services, LLC, Kalos Capital, Inc., National Securities Corporation, Woodbury Financial Services, Inc. and Moloney Securities Co. Inc. on behalf of investors in GPB Capital investments. We allege that these investments were unsuitable because our clients did not know, among other things, that these GPB investments were high risk, illiquid and included up front fees of 11.75%. We have been contacted by numerous other GPB investors requesting representation. We are handling these cases nationwide.
GPB raised 1.3 billion dollars by issuing private placement notes. These notes are private placement, or non-traditional, investments that are not registered with the SEC. These inherently risky investments are only suitable for sophisticated investors who understand the risks and can afford to lose their entire investment. Unfortunately, many brokerage firms and financial advisors sold these GPB investments to retirees and unsophisticated investors because they paid such a high commission.
If you lost any money on GPB and/or other investments with Darren Kubiak, you may be able to recover your losses. If you lost money on GPB and/or other investments with Darren Kubiak and believe that 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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on GPB and/or other 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.
Some of the information in this blog post was obtained on 4/21/2019 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.