Advisor Alert: Our Attorneys Are Investigating Gary Lee Imel For Investment Fraud
Did You Lose Money Because of Gary Imel?
Filed: January 24, 2024
Gary Imel currently has one (1) pending customer complaint. Overall, he has been the subject of thirteen (13) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Gary Lee Imel.
Who Is Gary Lee Imel?
- Advisor Name: Gary Lee Imel
- Aliases: Gary Imel
- CRD: 254765
- Location: Gig Harbor, Washington
- Current Employer: Currently Not Registered
- Previous Firms: Ameriprise Financial Services, LLC, Kalos Capital, Inc., and Madison Avenue Securities, Inc.
- Number of Known Customer Complaints: 13
- Can Gary Imel Be Sued: Yes, in Private Arbitration
- Can Gary Imel’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $718,000
- Highest Settlement: $152,923
If you have suffered investment losses by Gary Imel, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Gary Imel For Broker Misconduct
As of this publication date, Gary Imel has been the subject of 13 customer disputes. Let’s review them below.
In January 2023, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Madison Avenue Securities, Inc. alleging unsuitable recommendations of alternative investments. Per the customer, he/she lost over $35,000 because of Mr. Imel’s actions. On May 31, 2023, Mr. Imel settled the claim for $8,250, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In September 2022, a complaint was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging unsuitable and misleading Investment Recommendations. Per the customer, he/she lost over $98,500 because of Mr. Imel’s actions. As of this publication date, this claim remains pending.
In December 2021, a complaint was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging suitability. Per the customer, he/she lost over $14,000 because of Mr. Imel’s actions. On December 3, 2021, Mr. Imel settled the claim for $14,000, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In July 2021, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging that in 2017, Mr. Imel recommended unsuitable investments including GPB Automotive, Cottonwood Residential, Cion and Carter Validus Mission Critical REIT II, which led to an overconcentration of alternative investments in his portfolio. Per the customer, he lost over $231,000 because of Mr. Imel’s actions. On August 22, 2022, Mr. Imel settled the claim for $3,000, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In April 2021, a complaint was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging suitability. Per the customer, he/she lost over $20,065 because of Mr. Imel’s actions. On April 8 2021, Mr. Imel settled the claim for $20,065, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In March 2021, a FINRA arbitration was filed against or in reference to Gary Imel by multiple customers of Kalos Capital, Inc. alleging that the clients were recommended an overly aggressive portfolio strategy that was unsuitable and concentrated with a focus on private placements, specifically GPB Capital. Per the customers, they lost over $100,000 because of Mr. Imel’s actions. On June 6, 2022, Mr. Imel settled the claim for $22,588.55, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging unsuitable, illiquid & high risk investments. Per the customer, he/she lost over $89,830 because of Mr. Imel’s actions. On January 29, 2021, Mr. Imel settled the claim for $89,830, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In December 2020, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging breach of fiduciary duty, suitability, overconcentration in alternative investments, and failure to supervise. Per the customer, he/she lost over $718,000 because of Mr. Imel’s actions. On January 18, 2021, Mr. Imel settled the claim for $152,923, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In September 2020, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging unsuitable investment recommendations and breach of fiduciary duty. Per the customer, he/she lost over $200,000 because of Mr. Imel’s actions. On January 18, 2021, Mr. Imel settled the claim for $40,315, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In April 2020, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging under performance of a single investment. The allegation is that there was a failure to properly and thoroughly conduct due diligence. Per the customer, he/she lost over $20,000 because of Mr. Imel’s actions. On January 5, 2021, Mr. Imel settled the claim for $36,054.51, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In March 2020, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging breach of contract, warranties, and fraud. Per the customer, he/she lost over $100,000 because of Mr. Imel’s actions. On January 18, 2021, Mr. Imel settled the claim for $46,285, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging that the client was recommended an overly aggressive portfolio strategy that was unsuitable and lacked proper asset allocation. She further claims that almost 100% of the portfolio was placed in private placements, including GPB Capital. Per the customer, she lost over $500,000 because of Mr. Imel’s actions. On December 2, 2020, Mr. Imel settled the claim for $12,750, and some or all of this amount may have been paid by Mr. Imel’s employer and/or insurance carrier.
In October 2017, a complaint was filed against or in reference to Gary Imel by a customer of Kalos Capital, Inc. alleging that Mr. Imel did not disclose fees and invested the client’s portfolio in highly speculative investments in March, 2016 and October, 2016. Per the customer, she lost over $6,700 because of Mr. Imel’s actions.
How To File A Claim Against Gary Imel (previously with Ameriprise Financial Services, LLC, Kalos Capital, Inc., and Madison Avenue Securities, Inc.) To Get Your Money Back
If you have questions about Gary Imel, Ameriprise Financial Services, LLC, Kalos Capital, Inc., Madison Avenue Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.