Retirement Income Strategies’ Kristian Finfrock: $100K Complaint

Kristian Finfrock (CRD# 5421676), a financial advisor based in Evansville, Wisconsin, recently received an investor complaint alleging six-figure losses. Financial Industry Regulatory Authority records show that he is a broker with Kalos Capita and an investment advisor with Retirement Income Strategies.

Mr. Finfrock’s BrokerCheck report discloses three investor complaints. The most recent, filed in December 2021, alleges that as a representative of Kalos Capital, he breached his fiduciary duty, breached contract, engaged in negligence, fraudulently induced the claimant to hold an investment, violated FINRA rules, violated New York Stock Exchange rules, and violated securities laws. The pending complaint alleges damages estimated at $100,000.

A complaint filed in May 2021 alleged that as a representative of Kalos Capital, he made “unsuitable recommendations to concentrate” the customers’ accounts in “illiquid, high commission private placement investments.” The complaint reached a settlement of $35,000. In a “Broker Statement” on the disclosure, Mr. Finfrock wrote that the claim involved “multiple claimants and registered representatives,” and that he and the firm denied any and all wrongdoing.

A complaint filed in 2020 alleged that as a Kalos Capital representative, Mr. Finfrock recommended unsuitable alternative investments. The complaint reached a settlement of $100,000. In a statement on the disclosure, Mr. Finfrock commented that he and the firm “deny any and all wrongdoing.”

According to the Financial Industry Regulatory Authority, Kristian Finfrock holds 14 years of securities industry experience. Based in Evansville, Wisconsin, he has been a broker with Kalos Capital since 2012; he has been an investment advisor with Retirement Income Strategies and Kalos Management since 2022 and 2012, respectively. He was formerly a broker and investment adviser with MetLife Securities in Janesville, Wisconsin. His credentials include the passage of five securities industry qualifying examinations: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He is licensed in Colorado, Florida, Illinois, Iowa, Minnesota, Oregon, Virginia, and Wisconsin. (Information current as of June 17, 2022.)

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