Who is Mike Haffling? Mike Haffling Investigation
Michael J. Haffling (Mike Haffling) is the Principal of Verus Capital Management, and he has been a registered broker with Kalos Capital since 2013. Prior to Kalos Capital, Mike Haffling was registered with Madison Avenue Securities. According to FINRA’s Broker Check, he settled one Customer Complaint for $55,000 and has another pending Customer Complaint with $150,000 in Damages Requested. Since the beginning of our investigation, he has also had a settled Customer Complaint for $12,000 expunged from his record. If you invested in GPB or other alternative investments, please contact us today.
Peiffer Wolf is currently investigating potential claims against Mike Haffling of Verus Capital Management for his recommendation of GPB Capital Holdings funds and potentially other alternative investments. GPB Investigation – Over the course of the year, multiple lawsuits have been filed and regulatory matters have been initiated alleging that GPB Capital Holdings has been engaged in wrongdoing. Most notably, former GPB Holdings operating partner, Patrick Dibre alleged that “losses occasioned by GPB were in fact caused by a very complicated and manipulative Ponzi scheme.” The claim further alleges that “GPB paid its investors significant returns based upon falsified financial information.” If you invested in any GPB Capital Holdings Fund, contact Peiffer Wolf immediately.
According to FINRA’s BrokerCheck, Mike Haffling’s report shows the following 2 Customer Disputes and no longer shows the May 2018 Customer Dispute which was expunged from his record:
- July, 2020 – Customer Dispute – Settled for $55,000. Allegations: “Kalos Capital did not conduct reasonable due diligence and review the issuer’s representations and disclosure prior to recommending the investment.”
- April, 2020 – Customer Dispute – Damage Amount Requested $150,000. Allegations: “numerous violations of FINRA rules” and “lack of proper due diligence and high commissions.”
- May, 2018 – Customer Dispute – Settled for $12,000. Allegation: “Recommendation of unsuitable investments.” This customer dispute and settlement was recently expunged from his record.
To review Mike Haffling’s BrokerCheck report, click here:
https://brokercheck.finra.org/individual/summary/5133150
*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)
Were You a Victim of Investment Fraud or Broker Misconduct?
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
Mike Haffling Client?
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Prior to Kalos Capital, Mike Haffling was registered with Madison Avenue Securities. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
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If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
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