Darren Kubiak (CRD#: 1239086), a registered representative with Kalos Capital who does business as Kubiak Financial Services, is currently involved in two pending customer disputes involving unsuitable investments, according to his BrokerCheck record accessed on August 27, 2019. One dispute involves his recommendation of GPB Funds.
In a claim filed on July 12, 2019, a client alleges that Darren Kubiak made unsuitable investment recommendations from 2012 to 2017. The claimant is seeking $495,368.50 in damages. One month earlier, on June 17, 2019, a client filed a customer dispute over alternative investments, stating that they “invested $170,000 in GPB Funds” that were unsuitable. The claimant is requesting $500,000 in damages. This claim is far from the first time that the brokers that recommended GPB have found themselves embroiled in controversy. William Galvin, Secretary of the Commonwealth of Massachusetts and head of the Massachusetts Securities Division, is currently investigating 63 broker-dealers that recommended investments in GPB. For more information about recent developments regarding GPB, please see “Attorney Investigation: GPB Holdings Accused of Being a Ponzi Scheme by Former Operating Partner.” Fitapelli Kurta is currently representing investors who invested in GPB and is eager to hear from other investors who have questions about GPB.
A 29-year veteran of the securities industry, Darren Kubiak’s experience spans seven firms. In addition to Kalos Capital, Inc., he has also worked for:
- Quester Capital Corporation (CRD#: 43100) of Lawrenceville, Georgia
- Usallianz Securities, Inc. (CRD#: 40875) of Lawrenceville, Georgia
- Signator Investors, Inc. (CRD#: 468) of Boston, Massachusetts
- Washington Square Securities, Inc. (CRD#: 2882) of Des Moines, Iowa
- Hornor, Townsend & Kent, Inc. (CRD#: 4031) of Horsham, Pennsylvania
- First Investors Corporation (CRD#: 305) of New York, New York
If you’ve invested in securities products on the recommendation of Darren Kubiak or if you have questions about GPB, don’t hesitate to contact securities attorneys Marc Fitapelli and Jonathan Kurta. Call Fitapelli Kurta at (877) 238-4175 or email firstname.lastname@example.org.