{"id":19272,"date":"2020-09-28T14:35:28","date_gmt":"2020-09-28T19:35:28","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19272"},"modified":"2020-10-02T14:35:38","modified_gmt":"2020-10-02T19:35:38","slug":"udf-iv-investment-losses","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/","title":{"rendered":"Ex-Kalos Capital Broker Curtis Whipple Accused of Unsuitability &#038; Misrepresentation Involving UDF IV"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Latest FINRA Arbitration Claim Allege REIT Losses\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A number of investors recently filed a customer complaint against former Kalos Capital broker, Curtis Leroy Whipple, who was with the firm out of Plymouth, Michigan until this year.\u00a0 He faces allegations of unsuitability, misrepresentations, and lack of due diligence related to the claimants&#8217; United Development Funding IV (UDF IV) losses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">UDF IV is a <\/span><a href=\"https:\/\/www.investorlawyers.com\/blog\/what-are-real-estate-investment-trusts\/\"><span style=\"font-weight: 400;\">real estate investment trust<\/span><\/a><span style=\"font-weight: 400;\"> (REIT) that mostly invests in secured loans for acquiring and developing land into single-family home lots, as well as to construct homes and model homes.\u00a0 UDF IV and the other UDF non-traded REITs have been accused in recent years of being part of a $1B Ponzi scam. United Development Funding is based out of Dallas, Texas.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/\"  title=\"Continue Reading Ex-Kalos Capital Broker Curtis Whipple Accused of Unsuitability &#038; Misrepresentation Involving UDF IV\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Latest FINRA Arbitration Claim Allege REIT Losses\u00a0 A number of investors recently filed a customer complaint against former Kalos Capital broker, Curtis Leroy Whipple, who was with the firm out of Plymouth, Michigan until this year.\u00a0 He faces allegations of unsuitability, misrepresentations, and lack of due diligence related to the claimants&#8217; United Development Funding IV [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3738,4364,4014,3794,3759],"tags":[4132,4334,4425,3132],"class_list":["post-19272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investor-fraud","category-kalos-capital","category-non-traded-reits","category-real-estate-investment-fraud","category-reits","tag-kalos-capital","tag-reit-fraud","tag-reit-losses","tag-udf-iv"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-Kalos Capital Broker Accused Of Misrepresenting UDF IV | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"Investors are accusing an ex-Kalos Capital Curtis Whipple of unsuitably recommending UDF IV and other UDF REITs. Find out more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Kalos Capital Broker Accused Of Misrepresenting UDF IV | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Investors are accusing an ex-Kalos Capital Curtis Whipple of unsuitably recommending UDF IV and other UDF REITs. 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Find out more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/09\/szabo-viktor-cPGygeuE9KA-unsplash-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ex-Kalos Capital Broker Curtis Whipple Accused of Unsuitability &#038; Misrepresentation Involving UDF IV","datePublished":"2020-09-28T19:35:28+00:00","dateModified":"2020-10-02T19:35:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/"},"wordCount":557,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/09\/szabo-viktor-cPGygeuE9KA-unsplash-1.jpg","keywords":["Kalos Capital","REIT fraud","REIT losses","UDF IV"],"articleSection":["Investor Fraud","Kalos Capital","Non-Traded REITs","Real Estate Investment Fraud","REITs"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/","url":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/","name":"Ex-Kalos Capital Broker Accused Of Misrepresenting UDF IV | Investor Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/udf-iv-investment-losses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2020\/09\/szabo-viktor-cPGygeuE9KA-unsplash-1.jpg","datePublished":"2020-09-28T19:35:28+00:00","dateModified":"2020-10-02T19:35:38+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Investors are accusing an ex-Kalos Capital Curtis Whipple of unsuitably recommending UDF IV and other UDF REITs. 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