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Read MoreChris 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.)
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