Frank Kuiper Allegedly Violated His Fiduciary Duties

Frank Kuiper (CRD #: 1774282), a broker registered with Concorde Investment Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on December 12, 2023. Details are provided below. 

On September 1, 2023, an investor alleged that Frank Kuiper violated California Common Law Fraud. They further alleged a breach of fiduciary duty, negligence, and negligent failure to supervise relating to investments made on August 31, 2020. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

California Blue Sky Laws

Blue sky laws are state securities regulations that provide investors with an extra layer of protection against fraud. They frequently also define what investments qualify as securities in the state.

Background Information 

Frank Kuiper has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 79TO Investment Banking Registered Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in 13 states. 

Frank Kuiper has registered with four firms since 2007: 

• Heritage Wealth Management (CRD #: 140542) 
• Financial Designs (CRD #: 135426) 
• Independent Financial Group (CRD #: 7717) 
• Concorde Asset Management (CRD #: 140367) 

Kurta Law Can Help 

If you have worked with Frank Kuiper and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.