Kurt Klingenberg: Raymond James Denies $100K Complaint

Scottsdale, Arizona financial advisor Kurt Klingenberg (CRD# 2384065) allegedly made excessive trades, according to a recent, denied investor complaint. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Raymond James & Associates.

Mr. Klingenberg’s BrokerCheck report discloses two investor complaints. The most recent, filed in January 2024, alleged that as a representative of Raymond James & Associates, he placed excessive transactions and recommended unsuitable mutual fund investments. The complaint alleged $100,000 in damages and was denied by the firm.

An earlier investor complaint, filed in 1999, alleged that as an Edward Jones representative, he provided incorrect assurances that bonds would be called within 30 days of purchase. The complaint alleged damages of $11,000 and was denied by the firm.

Raymond James’ website includes a profile of Mr. Klingenberg that describes him as the Managing Director of Kurt Klingenberg Financial, a private practice within the firm. “With the insight and industry knowledge that comes with over 27 years in the business, Kurt provides his clients the information they need to choose the most suitable investment products and services for their specific financial needs,” it states. “This includes financial planning, retirement planning, estate planning, college planning, wealth management, and more.”

According to the Financial Industry Regulatory Authority, Kurt Klingenberg holds 30 years of securities industry experience. Based in Scottsdale, Arizona, he has been a broker and an investment advisor with Raymond James & Associates since 2016 and 2022, respectively. He was previously registered with Edward Jones in Mesa, Arizona from 1993 until 2016. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 40 state licenses. (Information current as of February 25, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.