Investor Alleges Christopher Dukes Engaged in Fraud and Conversion

Christopher Dukes (CRD #: 4712873), a broker registered with WestPark Capital, is involved in three pending investor disputes, according to his BrokerCheck record, accessed on March 14, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Disputes

On February 13, 2023, an investor alleged that Christopher Dukes engaged in fraud, conversion, unjust enrichment, elder financial abuse, and negligence. The client further alleged that he violated the California Business and Professions Code Section 17200, and breached both his contract and an implied contract. The client seeks $830,000 in damages in this pending dispute.

In a pending dispute filed on October 12, 2022, several related investors allege that Christopher Dukes made unsuitable recommendations of GWG Holdings’ L Bonds and/or preferred stock. The clients allege that these alternative investments were high-risk, high-commission, and illiquid. They seek $100,000 in damages.

Another pending dispute, filed on January 4, 2021, alleges that Christopher Dukes recommended and misrepresented unsuitable investments in private placements, starting in 2014. The investor seeks $90,000 in damages.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

What is broker negligence?

Brokers may act in many negligent ways, ranging from misrepresenting or omitting information to executing unauthorized trades. Investors who feel their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration.

California Business and Professions Code

Section 17200 of the California Business and Professions Code prohibits unfair competition, including fraudulent business practices and deceptive, untrue, or misleading advertising.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

FINRA Rule 2020

The misrepresentation of facts related to investments violates FINRA Rule 2020, which bans the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions.

Background Information

Christopher Dukes has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 62 – Corporate Securities Limited Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Christopher Dukes is a registered broker in thirteen states.

He has also worked for the following firms:

• Delta Investment Management (CRD#:149596)
• VFG Advisors (CRD#:150370)
• VFG Securities (CRD#:15121)
• Niagara International Capital (CRD#:135327)
• Woodstock Financial Group (CRD#:38095)

Kurta Law Can Help

If you worked with Christopher Dukes and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.