Advisor Alert: Our Attorneys Are Investigating Kyle Michael Wool For Investment Fraud
Did You Lose Money Because of Kyle Wool?
Filed: February 9, 2024
Kyle Wool has been the subject of four (4) 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 Kyle Michael Wool.
Who Is Kyle Michael Wool of Dominari Securities LLC?
- Advisor Name: Kyle Michael Wool
- Aliases: Kyle M. Wool
- CRD: 4238101
- Location: New York, New York
- Current Employer: Dominari Securities LLC
- Previous Firms: Revere Securities LLC and Morgan Stanley
- Number of Known Customer Complaints: 4
- Can Kyle Wool Be Sued: Yes, in Private Arbitration
- Can Kyle Wool’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $2,000,000
- Highest Settlement: $337,500
If you have suffered investment losses by Kyle Wool, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning 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 Kyle Wool For Broker Misconduct
As of this publication date, Kyle Wool has been the subject of 4 customer disputes. Let’s review them below.
In October 2023, a FINRA arbitration was filed against or in reference to Kyle Wool by a customer of Morgan Stanley Smith Barney alleging unauthorized trading with respect to investments. Per the customer, he/she lost over $50,000 because of Mr. Wool’s actions. On December 18, 2023, Mr. Wool settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Wool’s employer and/or insurance carrier.
In November 2009, a FINRA arbitration was filed against or in reference to Kyle Wool by a customer of Oppenheimer & Co. Inc. alleging unsuitability, churning, and misrepresentation from 2006 – 2009. Per the customer, he/she lost over $2,000,000 because of Mr. Wool’s actions. On March 11, 2011, Mr. Wool settled the claim for $337,500, and some or all of this amount may have been paid by Mr. Wool’s employer and/or insurance carrier.
In June 2008, a complaint was filed against or in reference to Kyle Wool by a customer of Oppenheimer & Co. Inc. alleging that unauthorized transactions were effected in his account from February 2008 through April 2008. Per the customer, he/she lost over $438,254.87 because of Mr. Wool’s actions.
In April 2005, a complaint was filed against or in reference to Kyle Wool by a customer of Raymond James Financial Services, Inc. alleging that the client thought funds were invested for safety and use as emergency funds. The client claims that the portfolio of equities purchased in his account between 08/23/2003 and 7/1/04 was not suitable and as a result has suffered damages. Per the customer, he lost over $120,000 because of Mr. Wool’s actions.
How To File A Claim Against Kyle Wool of Dominari Securities LLC (previously with Revere Securities LLC and Morgan Stanley) To Get Your Money Back
If you have questions about Kyle Wool, Dominari Securities LLC, Revere Securities LLC, Morgan Stanley, 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.