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Read MoreDavid Kaiser: Financial Planning Advisor Lands Investor Complaint
Cotopaxi, Colorado financial advisor David Kaiser (CRD# 2461995) recently received an investor complaint alleging that his recommendations deprived his customers of the ability to make reasonable returns. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Cambridge Investment Research, as well as a representative of Financial Planning Alternatives.
Mr. Kaiser’s BrokerCheck report discloses one investor complaint. Filed in February 2024, it alleges that as a representative of Cambridge Investment Research, he recommended investments in order to generate high commissions and fees, and additionally that he deprived his customers of the ability to generate reasonable returns. The pending complaint alleges unspecified damages.
Financial Planning Alternatives’ website includes a profile of Mr. Kaiser that describes his background and approach. “He built his financial planning career by matching his clients’ unique needs with financial products and services designed to produce the desired results,” it states. “David started in the financial services industry over 20 years ago with Waddell & Reed. He has worked in the independent advisory segment of the financial services industry since 1998.”
According to the Financial Industry Regulatory Authority, David Kaiser holds 29 years of securities industry experience. Based in Cotopaxi, Colorado, he has been a broker and an investment advisor with Cambridge Investment Research since 2008. His registration history includes Securities America (Denver, Colorado; 2000-2008), Financial Network Investment Corporation (El Segundo, California; 1999-2001), and Waddell & Reed (Overland Park, Kansas; 1994-1999). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 43 state licenses. (Information current as of March 30, 2024.)
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