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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.)
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