Were you the victim of LPL Financial LLC broker Cain Kobert (CRD# 2673742)? He has been registered with LPL Financial LLC in Englewood, Colorado, since 2006, and IHT Wealth Management LLC in Naples, Florida, since 2019. He was registered with Independent Financial Partners in Boulder, Colorado, from 2017 to 2019, LPL Financial LLC in Golden, Colorado, from 2016 to 2018, Western Wealth Management LLC in Golden, Colorado, from 2016 to 2017, and LPL Financial LLC in Golden, Colorado, from 2006 to 2016.
In August 2024, the Florida Office of Financial Regulation sanctioned him to pay a $30,000 civil and administrative penalty following allegations that he “Rendered investment advice, from a location within Florida, without being registered by the Office.”
Cain Kobert Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2024. “Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with LPL Financial LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Cain Kobert’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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