A disciplinary action taken by the Financial Industry Regulatory Authority against former Dublin, Ohio broker and investment advisor Sam Aziz...Read More
Eric Weschke: $200,000 Complaint Against Kalos Advisor
Investor complaints against Kalos Capital broker and investment advisor Eric Weschke (CRD# 4697621) allege conduct including suitability violations, breach of fiduciary duty, negligence, and more by the New York, New York-based representative. He has also received sanctions by securities regulators, according to information drawn from Financial Industry Regulatory Authority records.
Eric Weschke allegedly advised investments in unsuitable securities and breached his fiduciary duty to act in his customers’ best interests, according to a pending 2019 complaint concerning his conduct as a representative of Kalos Capital. The complaint alleges damages of $200,000.
Eric Weschke allegedly violated his fiduciary duty, fell short in his supervisory duties, and advised investments in unsuitable products, according to a 2019 complaint regarding his conduct as a representative of Kalos Capital. The complaint alleges damages of an unspecified amount.
A 2002 complaint alleged Mr. Weschke engaged in fraud, was negligent in carrying out his duties, committed breach of contract, engaged in churning, made false representations, and was negligent in carrying out his duties, according to a 2002 complaint concerning his conduct at Self Trading Securities. The complaint reached a settlement of $30,000.
A 2000 disciplinary action by the Ohio Division of Securities alleged that Mr. Weschke was “not of good business repute,” and consequently denied his application for a securities salesperson license. A later 2000 sanction by the Virginia Division of Securities pointed to his disciplinary history when reaching an agreement with his employer firm, Self Trading Securities, to place him on heightened supervision for a period of twelve months.
Mr. Weschke allegedly violated suitability rules, engaged in fraud, and made transactions without authorization, according to a 1999 complaint regarding his conduct as a representative of Tasin & Company. The complaint reached a settlement of $50,000.
A 1998 complaint alleged he used margin unsuitably, advised investments in unsuitable securities, and engaged in fraud while a representative of Tasin & Company. The complaint reached a settlement of $52,500.
Eric Weschke has been employed by his current firm, Kalos Capital in Setauket, New York, since 2011. His employment history includes Harrison Douglas, Alternative Wealth Strategies, Equity Services, Self Trading Securities, and Tasin & Company. He holds six state registrations and has passed six securities industry qualification examinations. (Information current as of August 9, 2019.)