Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Karl Foust: Complaints Against Boca Raton Financial Advisor

Settled and pending investor complaints against former Boca Raton, Florida broker and investment advisor Karl Foust (CRD#: 1010291) allege conduct including suitability violations, failure to disclose conflicts of interest, misrepresentations, and more. Foust is a former representative of HD Vest Investment Services, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 complaint alleges that as a representative of HD Vest Investment Services, Karl Foust recommended unsuitable investments in Wimbledon Health Partners and NeuroRad Diagnostic Centers, and “did not disclose any potential conflicts of interest” in his relationship with Wimbledon. The complaint alleges unspecified damages.

A pending 2018 complaint alleges that as a representative of HD Vest Investment Services, Karl Foust misrepresented and recommended an unsuitable investment in Wimbledon Health Partners. The complaint alleges damages of $100,000.

A pending 2018 complaint alleges that as a representative of HD Vest Investment Services, Karl Foust misrepresented material facts related to an unsuitable recommendation to invest in HD Vest Investment Services. The complaint alleges damages of $95,000.

A pending 2018 complaint alleges that as a representative of HD Vest Investment Services, he did not disclose potential conflicts of interest in his relationship with Wimbledon Health Partners, an investment he recommended which allegedly later defaulted on its promissory note and security agreement. The complaint alleges damages of $167,000.

A 2017 complaint alleged that as a representative of HD Vest Investment Services, he recommended an unsuitable investment in Wimbledon Health Partners and misrepresented his association with the entity, which “breached their agreement and failed to pay monies due to the client.” The complaint reached a settlement in 2018 of $105,000.

Karl Foust is currently not registered as a broker or investment advisor. His employment history includes HD Vest Investment Services in Boca Raton, Florida; Gunnallen Financial in Del Ray Beach, Florida; Thomas James Associates; Apple Financial Corporation; and First Jersey Securities. He currently holds zero state licenses and has passed five securities industry qualification examinations.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • UBS Adviser Alex Williams: Investor Alleges Unsuitable Options Investment

    Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...

    Read More
  • $600K Options Complaint Against Los Angeles Broker Bill Calvert

    Financial Industry Regulatory Authority (FINRA) records indicate that UBS Financial Services broker Bill Calvert (CRD# 1023796) has received a pending...

    Read More
  • UBS’ Timothy Croak: Unsuitable Options Strategy Allegations

    Timothy Croak (CRD# 840899), a New York City-based broker and investment adviser, has received a pending customer complaint, according to...

    Read More
  • Wendy Holmes: UBS Adviser Has $1.4M in Pending Options Overlay Complaints

    Wendy Holmes (CRD# 2944190), a broker and investment adviser registered with UBS Financial Services, has received two pending customer complaints...

    Read More
  • Previous
  • Next