James Ciocia (CRD# 1619245), a financial advisor in Tampa, Florida, has received investor complaints alleging six-figure damages. Financial Industry Regulatory...Read More
Kurt Baldry: Suitability Complaints Against Ostego Financial Advisor
Ausdal Financial Partners financial advisor Kurt Baldry (CRD# 1568930) has received an investor complaint alleging damages of nearly $1 million. Financial Industry Regulatory Authority records show that he is a broker and investment advisor based in Ostego, Minnesota.
Mr. Baldry’s BrokerCheck report lists several recent investor complaints. The most recent was filed in March 2022, alleging that as a representative of Ausdal Financial Partners, he recommended unsuitable limited partnership investments, was negligent in his supervisory obligations, and breached his fiduciary duty. Public records show that the complaint requests damages of $980,000.
An earlier investor complaint was filed in December 2020. It alleged that as an Ausdal Financial Partners representative, he made “improper investment recommendations,” failed to perform adequate due diligence regarding investments in real estate securities and other products, and recommended unsuitable securities. In April 2022 the complaint reached a settlement of $45,000.
According to the Financial Industry Regulatory Authority, Kurt Baldry holds 35 years of securities industry experience. Based in Ostego, Minnesota, he has been a broker and investment advisor with Ausdal Financial Partners since 2011. His past registrations include Workman Securities Corporation (Maple Plain, Minnesota; 2006-2011), ING Financial Partners (Eden Prairie, Minnesota; 2004-2006), Locust Street Securities (Des Moines, Iowa; 2001-2004), New England Securities (New York, New York; 1989-2001), and AAL Distributors (Minneapolis, Minnesota; 1987-1989). He has passed six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Direct Participation Programs Representative Examination, or Series 22; the Corporate Securities Limited Representative Examination, or Series 62; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alaska, Arizona, California, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nevada, North Dakota, Oregon, Texas, Washington, and Wyoming. (Information current as of June 7, 2022.)
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