Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 25, 2016 indicate that North Carolina-based InterCarolina Financial Services broker/adviser Marcus Kindley has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kindley (CRD# 734449).
Marcus Kindley has spent 35 years in the securities industry and has been registered with InterCarolina Financial Securities in Raleigh and Greensboro, North Carolina since 1987. Previous registrations include Global Investor Securities (1986-1987); Wheat, First Securities (1985-1986); and Independence Securities (1981-1985). He is a registered broker and investment adviser with four US states: Florida, Kentucky, North Carolina, and South Carolina.
According to his BrokerCheck report, Marcus Kindley has received two customer complaints.
In December 2015, a customer alleged Marcus Kindley, while employed at InterCarolina Financial Services, mismanaged the account. The complaint settled in May 2015 for $75,000, to which Mr. Kindley individually contributed $5,000.
In 1997, a customer alleged Marcus Kindley, while employed at InterCarolina Financial Services, recommended unsuitable investments, misrepresented and omitted material facts, and breached his fiduciary duty. The complaint settled for $16,000.
Federal securities law prohibits brokers like Marcus Kindley from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” They are also prohibited from omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you have lost money investing with Marcus Kindley, you may be able to collect lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.