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Kingswood Advisor Brady Fuchs Receives Oil & Gas Complaint

San Diego financial advisor Brady Fuchs (CRD# 3203016) has received an investor complaint alleging that his conduct resulted in five-figure damages. Records maintained by the Financial Industry Regulatory Authority indicate that he is a broker with Kingswood Capital Partners and an investment advisor with Kingswood Wealth Advisors.

Mr. Fuchs’ BrokerCheck report discloses two investor complaints. Filed in December 2022, it alleges that as a representative of Independent Financial group, he unsuitably over-concentrated the customer’s account in illiquid oil and gas investments. The pending complaint alleges damages of $50,000.

In a statement included with the pending 2022 complaint’s disclosure, Independent Financial Group pushed back against the allegations. “IFG intends to defend this matter as without basis and for failure to state a claim on which relief can be granted,” the firm wrote. “A preliminary review of the documents and information does not support the claims/allegations. The fact that an investment does not perform as anticipated does not automatically mean it was not suitable.”

An earlier investor complaint, filed in 2005, alleged that as a representative of WM Financial Services, he recommended an unsuitable unit investment trust. The complaint reached a settlement of $10,705.89.

According to the Financial Industry Regulatory Authority, Brady Fuchs holds 20 years of securities industry experience. Based in San Diego, California, he has been a broker with Kingswood Capital Partners and an investment advisor with Kingswood Wealth Advisors since 2022. His past registrations include VES Advisors (2020-2021), Institute for Wealth Advisors (2017-2018), Concert Wealth Management (2009-2017), Independent Financial Group (2012-2013), Financial Advisers of America (2010-2012), Citigroup Global Markets (2007-2009), Citicorp Investment Services (2005-2007), WM Financial Services (2004-2005), Finance 500 (2002-2004), UBS Painewebber (2000-2002), and Mission Capital Investment Group (1999-2000). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the General Securities Representative Examination, or Series 7TO; the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He is currently licensed in California. (Information current as of January 23, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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