Kyle Kirkham: $9 Million Complaint Against Schwab Advisor

A recent investor complaint against former La Jolla, California financial advisor Kyle Kirkham (CRD# 5221648) alleges that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with Charles Schwab & Company, having previously been registered with TD Ameritrade.

Mr. Kirkham’s BrokerCheck report discloses one investor complaint. Filed in October 2032, it alleges that as a representative of TD Ameritrade, he misrepresented and recommended unsuitable trading strategies, including the use of portfolio margin. The pending complaint alleges damages of $9 million.

The website for Charles Schwab & Company, which reportedly acquired TD Ameritrade in 2019, includes a page describing its approach to wealth management and investing. “Schwab Wealth Advisory provides you with a comprehensive and personalized wealth management strategy that starts with your goals and adapts to your changing needs,” it explains. “Your dedicated advisor is backed by an experienced team of specialists who cover key aspects of your financial life. Backed by the safety, trust, and value you can expect from Schwab.”

According to the Financial Industry Regulatory Authority, Kyle Kirkham holds 15 years of securities industry experience. Most recently based in La Jolla, California, he was registered as a broker with Charles Schwab & Company from 2019 until 2024. His past registrations include TD Ameritrade (San Diego, California; 2013-2019), First Allied Securities (San Diego, California; 2012-2013), Chase Investment Services Corporation (San Diego, California; 2010-2012), and Wells Fargo Investments (San Diego, California; 2006-2008). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is currently not licensed with any state or broker-dealer firm. (Information current as of June 5, 2024.)

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