Stoltmann Law Offices is investigating Kestra Investment Services broker Mitchell Walk. According to his publicly available records with the Financial Industry Regulatory Authority (FINRA), Mitchell Walk has been subject to five customer complaints, two of which are currently pending. These allege that Walk misrepresented material facts about variable annuities in his investment recommendations to customers, and that Walk made unsuitable investment recommendations to a customer and that Kestra Investment Services failed to properly supervise this activity. Brokers have an obligation to treat investors fairly which includes obligations such as making only suitable investment recommendations for the client. In order to do so, the broker must meet certain requirements, such as take into account the customer’s age, net worth, investment objectives and investment risk tolerance, among other factors, and must disclose all risks and benefits associated with that investment. If he does not, his brokerage firm may be liable for losses because the firm has a duty to reasonably supervise its employees.
Before Kestra, Mitchell Walk was employed with Securities America in Lavista, Nebraska from March 2000 until January 2001. He is currently registered with Kestra Investment Services in Sarasota, Florida, Longwood, Florida and St. Augustine, Florida, and has been since January 2001. He has five customer disputes against him, one of which is currently pending. This is according to records available online.
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