Chris Peitz: Calton Advisor Faces Misappropriation Allegations

A regulatory investigation into Mitchell, South Dakota financial advisor Chris Peitz (CRD# 2050559) concerns allegations that he misappropriated funds. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Calton & Associates, doing business as Independent Financial Center.

Mr. Peitz’s BrokerCheck report discloses the South Dakota Department of Labor & Regulation’s investigation into his conduct. Filed in November 2024, it alleges that he “may have misappropriated funds.” The investigation remains pending.

A second disclosure on his BrokerCheck report concerns an investor complaint into his conduct. Filed in 2010, it alleged that as a representative of Okoboji Financial Services, he recommended unsuitable investments. In 2011 the complaint reached a settlement of $4,993.75.

A second investor complaint, filed in 2009, alleged that as an Okoboji Financial Services representative, he omitted or misrepresented the risk associated with an investment. In 2011 the complaint reached a settlement of $3,825.

A third investor complaint, also filed in 2009, alleged that as a representative of Okoboji Financial Services, he failed to thoroughly check investments for the risk of fraud. In 2011 the complaint reached a settlement of $2,295.

According to the Financial Industry Regulatory Authority, Chris Peitz holds 25 years of securities industry experience. Based in Mitchell, South Dakota, he has been registered as a broker and an investment advisor with Calton & Associates since 2019, doing business as Independent Financial Center. His past registrations include Captial Financial Services, Okoboji Financial Services, Multi-Financial Securities Corporation, Royal Alliance Associates, American Express Financial Advisors, and IDS Life Insurance Company. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alaska, Arizona, Colorado, Nebraska, South Dakota, and Texas. (Information current as of December 30, 2024.)

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.