Last Updated: November 2024 (Houston, Texas)
National securities fraud lawyers at Patil Law P.C. are investigating broker Kyle Lindner (CRD #5421697), a former financial advisor at State Farm VP Management Corp., who faces a pending customer dispute involving alleged investment referrals that resulted in significant losses.
Kyle Lindner (CRD #5421697) is a former financial advisor who worked with State Farm VP Management Corp. from 2008 until late 2024. He currently faces a serious customer complaint regarding investment recommendations that led to substantial losses. Below, we provide further details about his professional history, negative disclosures, and customer complaints, which investors should consider before working with him.
Critical Insights About Houston, TX Stockbroker Kyle Lindner
- Advisor Name: Kyle Lindner
- CRD: 5421697
- Location: Houston, TX
- Previous Employer: State Farm VP Management Corp.
- Classification: Stockbroker + Financial Advisor
- Primary Location: Houston, TX
- Can Kyle Lindner be sued in private FINRA arbitration: Yes
- Has Mr. Lindner been sanctioned by FINRA: No
- Customer Dispute Allegations: $142,000 in alleged damages
If you have suffered investment losses in an account handled by Mr. Lindner or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Lost Money With Stockbroker Kyle Lindner?
A significant customer complaint was filed against Kyle Lindner in October 2024. The customer alleges that Lindner recommended she speak with another of his clients who was presenting an investment opportunity – one that Lindner himself had reportedly participated in. This real estate security investment resulted in alleged damages of $142,000.
Complaint Details:
- Filed: October 10, 2024
- Status: Pending
- Product Type: Real Estate Security
- Alleged Damages: $142,000
Allegations Of Broker Misconduct Against Kyle Lindner
The primary allegation against Kyle Lindner raises serious concerns about potential conflicts of interest and proper investment recommendations:
- Improper Investment Referrals: The customer alleges that Lindner directed them to an investment opportunity through another client, raising questions about due diligence and the appropriateness of such referrals.
- Personal Interest Conflicts: The complaint suggests that Lindner had personally participated in the investment he was recommending, potentially creating a conflict of interest that should have been properly disclosed.
These actions may violate FINRA rules regarding investment suitability, proper disclosure of conflicts of interest, and the obligation to act in clients’ best interests. FINRA Rule 2111 requires brokers to have a reasonable basis for believing that recommended investments are suitable for their clients based on financial situation, needs, and investment objectives.
Broker Experience Summary
Kyle Lindner’s career in the financial services industry spans over 15 years:
- Kyle Lindner Insurance Agency (2019-Present)
- State Farm VP Management Corp. (2008-2024)
During his career, Lindner has passed several industry examinations, including:
- Securities Industry Essentials Examination (2018)
- Investment Company Products/Variable Contracts Representative Examination (2008)
- Uniform Securities Agent State Law Examination (2008)
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have suffered investment losses in an account handled by Kyle Lindner or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Our cases are handled on a contingency basis. We don’t get paid unless we win for you.
