Southlake, Texas – December 6, 2025 – Kirk Badii (CRD# 5829768), a registered broker with Independent Financial Group, LLC in Southlake, Texas, has a pending customer complaint filed in October 2025 alleging dissatisfaction with the management of investment and loan accounts. The complaint, which seeks $2.73 million in damages, is currently being arbitrated through FINRA arbitration. This disclosure is part of Badii’s publicly available BrokerCheck record, which investors can review to assess potential risks before working with a financial advisor.
BrokerCheck Snapshot
Name: Kirk Badii
CRD #: 5829768
Firm: Independent Financial Group, LLC
Location: Southlake, Texas
Years in Industry: 14
Number of Disclosures: 7 (5 customer disputes, 2 employment terminations)
Customer Complaint Against Kirk Badii
Pending Complaint (Filed October 15, 2025)
A customer complaint was filed against Badii in FINRA arbitration case number 25-02235 on October 15, 2025. The claimant alleges dissatisfaction with the management of their investment and loan accounts. The complaint involves a non-purpose loan and seeks $2,730,000 in damages. According to FINRA records, the case is currently pending.
In his broker statement, Badii disputes the characterization of the loan and asserts that the Statement of Claim incorrectly claims the loan was structured for his personal gain. He states that the claimant is a sophisticated businessman who appears to be asserting he should have been able to borrow money without paying interest. Badii maintains that his account received no additional compensation related to the loan, and all recommendations were appropriate and consistent with the client’s objectives. He further notes that the claimant was unable to borrow money from a bank, making this the only option to afford multiple house purchases.
Previous Settled Complaint (Filed December 27, 2021)
On December 27, 2021, a complaint was filed in FINRA arbitration case 21-03080 against Badii while he was employed at UBS Financial Services Inc. An elderly homemaker alleged that Badii mismanaged her accounts by recommending unsuitable alternative investments without fully explaining the associated risks. The claimant further alleged that credit lines were established to qualify her for alternative investment purchases and were used to make distributions to her family, which the family believed came from investment income. Additional allegations included the establishment of accounts containing concentrated unsuitable investments and discretionary trading without proper authorization. The complaint sought $3,000,000 in damages and was settled on December 9, 2022, for $525,000, with no individual contribution from Badii.
Previous Settled Complaint (Filed March 18, 2019)
Another complaint was filed in FINRA case 19-00701 on March 18, 2019, covering the period from September 2016 through August 2018 while Badii worked at UBS Financial Services Inc. Claimants alleged that Badii recommended unsuitable and illiquid investments, including illiquid private equity investments and an unsuitable options income strategy. The products involved included private equity funds, hedge funds, and options. The case was settled on October 21, 2020, for $475,000, with no individual contribution from Badii.
In his statement, Badii noted that he was not a respondent in the claim and did not personally contribute to the settlement. He stated that UBS made a business decision to settle the allegation to avoid litigation costs.
Denied Complaint (Filed April 13, 2020)
A written complaint was filed on April 13, 2020, alleging that investments were unsuitable due to the client’s age, investment profile, and the illiquidity of the investments. The client’s attorney alleged the client did not know the investments were illiquid. The complaint involved REITs and alleged damages estimated to exceed $5,000. The complaint was denied on June 17, 2020.
Badii’s statement indicated that he should not have been included in the complaint. He stated that the client was aware of the strategy and reviewed the proposed portfolio with his accountant before signing documents. Badii introduced the client to UBS, after which other advisers and third-party asset managers managed the client. The client switched wealth managers four times in two years, and the claim was made after the client switched firms again and approximately three percent of his investments did not transfer immediately.
Denied Complaint (Filed January 7, 2020)
On January 7, 2020, a written complaint was filed alleging that the client expressed a preference for conservative investments, but Badii invested in hedge funds that were the opposite of what the client wanted. The client further stated he was not provided with clear knowledge of what Badii was doing with his money. The complaint sought $5,000 in damages and was denied on April 29, 2020.
Badii stated that the allegations were categorically false and that the customer was a sophisticated and accredited investor. He maintained that the account was invested exactly as instructed by the client and noted that this was an old account from a previous firm.
Pattern of Complaints / Risk Factors
While each case is unique, complaints alleging unsuitable investment recommendations, inadequate risk disclosures, or unauthorized trading may indicate concerns related to a broker’s investment strategy or compliance practices. Investors should carefully review account statements and seek legal guidance if similar issues occurred in their accounts.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments may be entitled to recover losses through securities arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
If you have experienced losses related to unsuitable investments, unauthorized trading, or other forms of broker misconduct, contact us at 800-950-6553 or info@patillaw.com for a free case evaluation.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. This process allows investors to present their cases before a panel of arbitrators who specialize in securities law.
Related Brokers and Firms
If you are researching complaints against Kirk Badii or Independent Financial Group advisors, you may also be interested in reviewing disclosures for other brokers at this firm or related investment misconduct cases. Understanding patterns of complaints can help investors make informed decisions about their financial advisors.
For more information about recovering losses related to alternative investments, private equity, or other high-risk products, visit our practice areas on investment fraud, variable annuity fraud, and elder financial abuse.
Frequently Asked Questions
Q1: What is the complaint against Kirk Badii?
Kirk Badii has a pending FINRA arbitration complaint filed in October 2025 alleging dissatisfaction with the management of a client’s investment and loan accounts. The complaint seeks $2.73 million in damages. Badii also has previous complaints that were settled, including allegations of unsuitable alternative investments and illiquid private equity recommendations.
Q2: Can investors recover losses involving Independent Financial Group?
Yes, investors who have suffered losses due to broker misconduct at Independent Financial Group may be entitled to recover their losses through FINRA arbitration. This process allows investors to seek compensation for unsuitable investment recommendations, unauthorized trading, misrepresentation, and other securities violations. Patil Law, P.C. offers free consultations to evaluate potential claims.
Q3: What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum where investors can file claims against brokers and brokerage firms for securities-related misconduct. It is typically faster and less expensive than traditional litigation. Most brokerage agreements require disputes to be resolved through FINRA arbitration rather than court proceedings.
Q4: What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s financial situation, investment objectives, risk tolerance, or time horizon. Brokers have a legal obligation to recommend investments that are suitable for their clients based on a thorough understanding of the client’s financial profile. Recommending unsuitable investments can be grounds for a securities claim.
Q5: How do I look up a broker on BrokerCheck?
To look up a broker on FINRA BrokerCheck, visit brokercheck.finra.org and enter the broker’s name or CRD number. The system will display the broker’s employment history, professional qualifications, and any disclosure events such as customer complaints, regulatory actions, or employment terminations. This is a free public service provided by FINRA.
Q6: What should I do if I suspect broker misconduct?
If you suspect broker misconduct, gather all relevant documentation, including account statements, trade confirmations, and communications with your broker. File a complaint with FINRA and your state securities regulator. Contact an experienced securities attorney to discuss your legal options. You may be entitled to recover losses through FINRA arbitration. Time limits apply to filing claims, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you have suffered investment losses due to unsuitable recommendations, unauthorized trading, or other broker misconduct, Patil Law, P.C. can help. We offer a free, no-obligation consultation to review your case and discuss your legal options.
Contact us today:
Phone: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
