Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 21, 2018 indicate that North Carolina-based Kalos Capital broker/adviser Joseph Roop has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Roop (CRD# 2774470).
Joseph Roop has spent 22 years in the securities industry and has been registered with Kalos Capital in Belmont, North Carolina since 2009. Previous registrations include Wachovia Securities in Belmont, North Carolina (2008-2009); Banc of America Investment Services in Charlotte, North Carolina (2004-2008); Legg Mason Wood Walker in Baltimore, Maryland (2000-2004); MML Investors Services in Springfield, Massachusetts (1998-2000); and Pruco Securities Corporation in Newark, New Jersey (1996-1998). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 2, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 9, 1996; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which he obtained on October 26, 2001; Series 7 (General Securities Representative Examination), which he obtained on October 4, 2000; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on August 2, 1996. He is a registered broker and investment adviser with 15 US states and territories: Arizona, California, Florida, Kentucky, Louisiana, Mississippi, Nevada, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, and West Virginia.
According to his BrokerCheck report, he has received five customer complaints and one pending customer complaint.
In October 2018 a customer alleged Joseph Roop, while employed at sold unsuitable investments while not properly registered in Alabama. The customer is seeking between $100,000 and $500,000 in damages in the pending complaint.
In 2014 a customer alleged Joseph Roop, while employed at Banc of America Investment Services, misrepresented material facts, omitted material facts, and executed excessive trades from December 2004 to May 2008. The complaint settled for $25,000.
In 2010 a customer alleged Joseph Roop, while employed at Banc of America Investment Services, recommended unsuitable investments, made misrepresentations of material facts, and executed excessive trades between December 2004 and June 2008. The complaint settled for $135,000.
In 2009 a customer alleged he, while employed at Banc of America Investment Services, recommended unsuitable equity products. The complaint settled in 2011 for $38,000.
In 2009 a customer alleged he, while employed at Wachovia Securities, made unsuitable options trades in the account. The complaint settled for $85,000.
In 2008 a customer alleged he, while employed at Wachovia Securities, made unsuitably risky options investments. The complaint settled for $56,000.
If you or someone you know has a complaint regarding Joseph Roop, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.