Kim Kunz Fired from WestPark Capital Following FINRA Suspension

Kim Kunz (CRD #: 718618), a broker formerly registered with WestPark Capital, allegedly failed to comply with a FINRA suspension, according to his BrokerCheck record, accessed on March 11, 2025. Read on if you have questions about his alleged conduct as a broker.

Termination from WestPark Capital

On December 27, 2024, Kim Kunz was fired from WestPark Capital for allegedly failing to comply with the terms of a FINRA suspension.

FINRA Rule 2010

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

FINRA Suspension

On August 5, 2024, Kim Kunz consented to the entry of findings that he allegedly recommended that two clients invest in GWG Holdings’ L Bonds that were either unsuitable or not in their best interest.

According to a Letter of Acceptance, Waiver & Consent (AWC), Customer A allegedly had a moderate risk tolerance, investment objectives of growth and income, and a liquid net worth of $428,000.

Kim Kunz allegedly made recommendations that led Customer A to invest 65% of her liquid net worth in alternative investments, including a $47,000 investment in GWG L Bonds that earned Kim Kunz $1,927 in commission.

Customer B allegedly had a moderate risk tolerance, investment objective of income, and liquid net worth of $655,000. Kim Kunz allegedly made recommendations that led her to invest more than 30% of her net worth in L Bonds, including a $50,000 investment in 2020 and $147,000 in 2021.

These recommendations were allegedly not in Customer B’s best interest given her investment profile and the level of risk associated with L Bonds.

The AWC alleged that Kim Kunz violated Regulation Best Interest and FINRA Rules 2111 and 2010.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information in an investor’s profile, such as their age, risk tolerance, and tax status.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Sanctions

Kim Kunz consented to the following sanctions:

• Three-month suspension from associating with FINRA members
• $7,500 fine
• Partial restitution of $1,927 plus interest

His suspension ran from September 3 to December 2, 2024. You can read the full AWC here.

Investor Disputes

In a dispute filed on February 24, 2023, an investor alleged that Kim Kunz sold her an illiquid, high-risk, and unsuitable investment, and also overconcentrated her portfolio in a single investment. 

The investor further alleged that Kim Kunz sold her an investment in GWG Holdings in 2018. This dispute was settled for $100,000.

On August 17, 2022, an investor alleged that Kim Kunz omitted facts about an unsuitable investment, and that the company offering the investment later filed for bankruptcy. The investor received a settlement of $100,000.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent means of influencing investors’ decisions. The omission of material facts related to investments violates this rule.

Tax Liens

From 2019-2020, Kim Kunz was subject to tax liens totaling $127,400.55.

Background Information

Kim Kunz has passed the following exams:

• General Securities Principal Examination – Series 24
• Investment Company Products/Variable Contracts Representative Examination – Series 6TO
• Direct Participation Programs Representative Examination – Series 22TO
• Securities Industry Essentials Examination – SIE
• Corporate Securities Limited Representative Examination- Series 62
• Registered Representative Examination – Series 1
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• WestPark Capital (CRD#:39914)
• VFG Securities (CRD#:15121)
• Financial Advisers of America (CRD#:142170)
• Financial West Group (CRD#:16668)
• Financial West Investment Group (CRD#:17869)
• Titan Capital (CRD#:6359)
• First American National Securities (CRD#:10111)
• Integrated Resources Equity Corporation (CRD#:6403)

Kurta Law Can Help

If you worked with Kim Kunz 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.