Arkadios Capital
Kurta Law is investigating recommendations made by Arkadios Capital. Our attorneys are aware of numerous allegations that have been filed against Arkadios Capital brokers. Current investors should be aware of the types of allegations as well as the firm’s conflicts of interest, listed below.
Background Information
Arkadios Capital (CRD #: 282710) is a brokerage firm with its main address in Atlanta, Georgia. It registered as a brokerage firm in 2016. The Arkadios website states that it is a “small, privately held firm.”
The firm does business or has done business under the name “MSY Securities.”
Types of Business
Arkadios offers a variety of securities, including but not limited to the following:
These are riskier investments and are often at the center of investor disputes alleging unsuitable recommendations. FINRA Rule 2111 and Regulation Best Interest both require brokers to consider their customers’ financial goals and risk tolerance.
Arkadios also engages in the underwriting of private placements.
Fees for Brokerage Services
Make sure you know what fees you can expect to pay when you invest money with Arkadios. These fees may create a conflict of interest. Arkadios discloses certain conflicts of interest in their Customer Relationship Summary (Form CRS). Brokers are required to tell you about their conflicts, or they must eliminate them.
- Arkadios Capital offers brokerage services, which come with transaction-based fees. These fees create an incentive for brokers to encourage you to trade more often and in larger amounts.
- Bonds feature mark-up and mark-down charges.
- Mutual funds and variable annuities come with fees that could reduce the value of the investment over time. Surrender charges may also cut into an investor’s returns.
- The firm might make more money from certain products, such as new issues. This could be because they are managed by someone related to the firm, or because they are offered by companies that pay the firm to sell their investments.
- Brokers have a financial incentive to recommend private placements, mutual funds, variable annuities, and money market funds.
Allegations of Misconduct by Arkadios Brokers
Kurta Law is aware of the following allegations filed against Arkadios brokers:
- One broker is the subject of a six-figure dispute alleging misrepresentation.
- Another investor alleged an unsuitable investment recommendation and is seeking half a million dollars.
- This dispute alleges that an Arkadios broker breached his contract and engaged in fraud and negligence. The investor is seeking nearly $1 million.
- An Arkadios broker allegedly offered unsuitable recommendations of GPB Capital, leading to multiple investor disputes.
- Another Arkadios broker faced a $1 million investor dispute although the case eventually settled for six figures. The same is true for this broker.
Kurta Law Can Help
Contact a securities attorney if you have questions about a potential securities fraud case. Our attorneys have 80 5-star reviews on Google – read our recent client testimonials. Claim a free case evaluation and rest assured we will not collect any fee unless we win your case. Call (877) 600-0098, email info@kurtalawfirm.com, or connect via our live chat.