Advisor Alert: Our Attorneys Are Investigating Kevin Charles Fretz For Investment Fraud
Did You Lose Money Because of Kevin Fretz?
Filed: November 2, 2023
Kevin Fretz has been the subject of one (1) termination event, and six (6) 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 Kevin Charles Fretz.
Who Is Kevin Charles Fretz?
- Advisor Name: Kevin Charles Fretz
- Aliases: Kevin Fretz
- CRD: 4128808
- Location: South Windsor, Connecticut
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC, Uvest Financial Services Group, Inc., and Webster Investment Services, Inc.
- Number of Known Customer Complaints: 6
- Number of Known Termination Events: 1
- Can Kevin Fretz Be Sued: Yes, in Private Arbitration
- Can Kevin Fretz’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $94,657.50
- Highest Settlement: $77,708.25
If you have suffered investment losses by Kevin Fretz, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Kevin Fretz For Broker Misconduct
As of this publication date, Kevin Fretz has been the subject of 1 termination event, and 6 customer disputes. Let’s review them below.
In July 2020, a FINRA arbitration was filed against or in reference to Kevin Fretz by a customer of LPL Financial LLC alleging that in November 2012 and December 2014, Mr. Fretz made unsuitable investment recommendations in multiple non-traded Real Estate Investment Trusts (REITs) and continuously misrepresented the REITs’ death put options. On June 22, 2021, Mr. Fretz settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Fretz’s employer and/or insurance carrier.
In April 2020, a complaint was filed against or in reference to Kevin Fretz by a customer of LPL Financial LLC alleging misrepresentation and unsuitability of a structured note. Per the customer, he/she lost over $94,657.50 because of Mr. Fretz’s actions. On July 17, 2020, Mr. Fretz settled the claim for $77,708.25, and some or all of this amount may have been paid by Mr. Fretz’s employer and/or insurance carrier.
In March 2020, a complaint was filed against or in reference to Kevin Fretz by a customer of LPL Financial LLC alleging misrepresentation and unsuitability. Per the customer, he/she lost over $66,000 because of Mr. Fretz’s actions. On July 7, 2020, Mr. Fretz settled the claim for $28,194.59, and some or all of this amount may have been paid by Mr. Fretz’s employer and/or insurance carrier.
In September 2019, LPL Financial LLC terminated Kevin Fretz for maintaining blank customer signed forms, failing to report customer complaints, and failing to follow customer instructions to deposit funds for investments.
In August 2019, a complaint was filed against or in reference to Kevin Fretz by a customer of LPL Financial LLC alleging forgery, and misrepresentation of investment recommendations. On February 27, 2020, Mr. Fretz settled the claim for $49,343.91, and some or all of this amount may have been paid by Mr. Fretz’s employer and/or insurance carrier.
In April 2019, a complaint was filed against or in reference to Kevin Fretz by a customer of LPL Financial LLC alleging that Mr. Fretz failed to follow instructions to invest funds. On March 6, 2020, Mr. Fretz settled the claim for $15,255.65, and some or all of this amount may have been paid by Mr. Fretz’s employer and/or insurance carrier.
In April 2009, a complaint was filed against or in reference to Kevin Fretz by multiple customers of Uvest Financial Services Group, Inc. alleging Mr. Fretz did not act on their instructions in processing a death claim of a Variable Annuity in May 2008 and as a result suffered losses. Per the customers, they lost over $5,000 because of Mr. Fretz’s actions.
How To File A Claim Against Kevin Fretz (previously with LPL Financial LLC, Uvest Financial Services Group, Inc., and Webster Investment Services, Inc.) To Get Your Money Back.
If you have questions about Kevin Fretz, LPL Financial LLC, Uvest Financial Services Group, Inc., Webster Investment Services, 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.