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Skip Chatelain is the Subject of a Six-Figure Dispute

Skip Chatelain (CRD #: 4192942), a broker registered with Prospera Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 29, 2024. Investors may have accessed his services through Dorsey & Company Wealth Management. 

Investor Allegations 

On May 13, 2024, an investor alleged that Skip Chatelain recommended investments that underperformed that he charged excessive account fees from December 2021 and April 2024. The investor is seeking $100,000. 

FINRA Rule 2111 – Excessive Fees 

FINRA Rule 2111 requires brokers to recommend investments that suit their investor’s needs. They must take several factors into consideration, including their investor’s age, risk tolerance, and financial goals. Investments may also be unsuitable because they come with excessive fees, which unfairly take away from investor returns.

Background Information 

Skip Chatelain has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

Skip Chatelain is a registered broker in 19 states and is a registered adviser in Alabama, Louisiana, New Mexico, and Texas. 

He has registered with the following firms: 

  • Prospera Financial Services (CRD #: 10740) 
  • Dorsey & Company (CRD #: 1668) 
  • Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Skip Chatelain 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.

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