Last Updated: October 2023 (Kentwood, MI)
John Kailunas Investigation Summary
Here’s what you need to know about Kentwood, MI, stockbroker John Kailunas:
- Name: Mr. John Anthony Kailunas, II
- Current Employer: Regulus Financial Group, Regal Investment Advisors (RIA), dba Regal Financial Group, dba Courtres LLC
- Previous Firms: American Portfolios Financial Services
- Function: Stock Broker/ Financial Advisor;Registered Investment Advisor
- Aliases: John Kailunas
- Primary Location: Kentwood, MI
- CRD 2048289
- Can John Kailunas be sued in FINRA arbitration: Yes
- Sanctioned by U.S. Securities and Exchange Commission (SEC): Yes
- Terminated by prior employer: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Kailunas As Your Stockbroker?
John Kailunas was censured, ordered to cease and desist and fined $50,000 for improperly collecting advisory fees and failing to disclose a conflict of interest in Durland Capital Partners, a portfolio management company whose services Regal Investment Advisors recommended to some of its clients. As a result John Kailunas willfully violated Sections 206(2) of the Advisers Act, according to the SEC order.
Allegations of Broker Misconduct Against John Kailunas by U.S. Securities and Exchange Commission
The SEC found that John Kailunas committed the following wrongdoing in connection with the handling of customer accounts:
- Wrongfully collected advisory fees without providing advisory services
- Failed to disclose a financial interest in a portfolio management company he referred clients to.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by John Kailunas, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
