Search close icon

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.

Author Photo

Chetan Patil

Chetan Patil is the founder and Managing Partner of the Patil Law. He brings over 15 years of extensive experience in diverse complex disputes and transactions, across the country. Mr. Patil specializes in litigations, trials, arbitrations, and appeals of complex securities, FINRA, financial and business disputes, with an emphasis in securities, financial services, and financial regulatory law.
Navigation

    Related Posts

    SIAMAK EGHLIDI Investment Fraud Investigation: Allegations of Unsuitable Recommendations and Disclosure Failures

    Continue Reading

    Advisor Alert: Our Attorneys Are Investigating Christopher R. Peitz For Alleged Misappropriation of Client Funds

    Continue Reading

    Advisor Alert: Our Attorneys Are Investigating Daryl Ray Calton For Investment Fraud

    Continue Reading