Victim of Financial Fraud? Call Now

Kyle Kirkham is the Subject of Multi-Million Dollar Dispute

Kyle Kirkham (CRD #: 5221648), a previously registered broker with Charles Schwab & Co., is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 3, 2024. Details concerning the dispute are provided below. 

Investor Allegations 

On February 14, 2024, an investor alleged that Kyle Kirkham’s misrepresented unsuitable changes to the investor’s strategies, including the use of margin. 

The investor is seeking $9,000,000. 

What is Margin Investing? 

Investing on margin is when an investor opens a margin account and borrows money from a brokerage firm in order to purchase more securities. Using borrowed money is called “leverage” and it increases the risk that the investor will lose money. Margin accounts may come with interest charges, significant broker fees, and the risk of a margin call. 

Margin calls happen when the broker needs more money in the account in order to cover the minimum margin requirement. If the investor does not deposit money in the margin account, the broker may liquidate securities in the investor’s account in order to cover the minimum. 

Utilizing margin is often unsuitable and investors should be made aware of the risks before purchasing securities on margin. 

Background Information 

Kyle Kirkham has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination on  
  • Series 24 General Securities Representative Examination 

During his 15 years of experience, he has registered with 5 firms:

  • Charles Schwab & Co. (CRD #: 5393) 
  • TD Ameritrade (CRD #: 7870) 
  • First Allied Securities (CRD #: 32444) 
  • Chase Investment Services Corp (CRD #: 25574) 
  • Wells Fargo Investments (CRD #: 10582) 

Kurta Law Can Help 

If you have worked with Kyle Kirkham and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.