Joel KamphuisThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Florida-based Summit Brokerage Services broker/adviser Joel Kamphuis (CRD# 1730775).

Joel Kamphuis has spent 28 years in the securities industry and has been registered with Summit Brokerage Services in Fort Lauderdale, Florida since August 2015. Previous registrations include JP Turner & Company in Fort Lauderdale, Florida (2010-2015); Gunnallen Financial in Fort Lauderdale, Florida (2004-2010); Brookstreet Securities in San Juan Capistrano, California (1999-2004); First Colonial Securities in Boca Raton, Florida (1997-1999); Barber & Bronson in Miami, Florida (1991-1997); Monmouth Securities (1989-1991); GK Scott & Company in Plainview, New York (1989-1991); Alison Baer Securities (1989); Hanifen Imhoff Securities (1989); and Graystone Nash (1987-1989). He is a registered broker and investment adviser in 15 US states.

According to his BrokerCheck report, Joel Kamphuis is the subject of three customer complaints and one regulatory sanction.

In 2014 a customer alleged Joel Kamphuis, while employed at Gunnallen Financial, misrepresented material facts, breached his fiduciary duty, recommended an unsuitable product, violated the California Unfair Business Practices Act, violated California Blue Sky Law, and acted negligently in connection to an investment in tenant in common (TIC) properties. The complaint settled in 2015 for $45,000.

In 1999 a customer alleged Joel Kamphuis, while employed at First Colonia, Securities, committed fraud, recommended an unsuitable investment, breached his fiduciary duty, churned the account, acted negligently, and breached contract. The complaint settled in 2000 for $42,500.

In 1997 a customer alleged Joel Kamphuis, while employed at Barber & Bronson, breached his fiduciary duty, acted negligently, and failed to supervise. The complaint settled for $54,000.

In 1984 the State of Minnesota sanctioned Joel Kamphuis following allegations he attempted to sell securities without registration in the state. He was issued a cease and desist order.

If you have suffered losses while investing with Joel Kamphuis, you may be entitled to a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.