Last Updated: February 2025 (Mitchell, SD)
National securities fraud lawyers at Patil Law, P.C. are investigating current Calton & Associates broker Christopher R. Peitz (CRD #2050559) regarding allegations of misappropriation of client funds. The investigation stems from a recently filed complaint with the South Dakota Department of Labor & Regulation, Division of Insurance – Securities Regulation.
Critical Insights About Mitchell Financial Advisor Christopher Peitz
- Advisor Name: Christopher R. Peitz
- CRD: 2050559
- Current Location: Mitchell, SD
- Current Employer: Calton & Associates, Inc.
- Classification: Registered Representative & Investment Adviser Representative
- Can Christopher Peitz be sued in FINRA arbitration: Yes
- Customer Disputes: 5 Previous Complaints
- Current Registrations: Licensed in 7 states
- Years of Experience: Since 1990
- Professional Qualifications: Series 7, 24, 63, 65 licenses
- Additional Designation: Certified Financial Planner (CFP)
- Current Status: Under Investigation
Details Of Current Investigation
A recent complaint filed in November 2024 alleges:
- Misappropriation of client funds
- Missing customer assets
- Investigation by South Dakota regulators
- Active regulatory inquiry
- Potential violations of securities laws
Prior Customer Complaints And Settlements
Mr. Peitz’s regulatory history includes:
- Multiple settled customer disputes regarding direct investments
- Complaints about misrepresentation
- Customer allegations about investment suitability
- Previous settlements totaling over $11,000
- History of variable annuity complaints
Analysis Of Alleged Misconduct
The current allegations raise serious concerns about:
- Asset safekeeping
- Client fund handling
- Account documentation
- Regulatory compliance
- Client protection measures
- Financial controls
- Investment oversight
Regulatory Framework And Customer Protection
FINRA Rules require:
- Proper handling of customer funds
- Accurate recordkeeping
- Client asset protection
- Truthful communications
- Transparent transactions
- Suitable recommendations
Implications For Current And Former Clients
Current and former clients should:
- Review all account statements
- Verify investment positions
- Document communications
- Check transaction history
- Monitor account activity
- Secure account records
- Consider independent review
Contact Patil Law P.C. To Protect Your Rights
If you have concerns about your investments with Mr. Peitz or suspect missing funds in your accounts, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
Note: This is based on publicly available information from FINRA BrokerCheck. All allegations mentioned are unproven and subject to investigation.
