Rainwater is named in three pending customer disputes alleging unsuitable investment recommendations and unauthorized trading.
The Sonn Law Group is investigating allegations that Kevin Rainwater recommended unsuitable investments. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.
Kevin Rainwater (CRD#: 3098443) is currently registered as an investment adviser and broker with Arkadios Capital, where he has been employed since 2010. Previously, Rainwater was registered as an investment adviser and broker with Stancorp Equities from 2002 until 2007.
Rainwater has nine disclosures on his BrokerCheck report.
March 2020 Customer Dispute
- Status: Pending
- Allegations: “Unsuitable and unauthorized trading during early 2017 to present.”
- Damage Amount Requested: $650,000.00
- Broker Comment: “Suitability and liquidity of investments made were discussed with former client on multiple occasions. Client was educated, beyond the scope of my recommendations, on alternative investments and strategic tax investments.”
March 2020 Customer Dispute
- Status: Pending
- Allegations: “Unsuitable product September 2017 to present”
- Damage Amount Requested: $125,000.00
- Broker Comment: “Investment, both as percentage of investable assets and a suitability level were prudent.”
February 2020 Customer Dispute
- Status: Pending
- Allegations: “unsuitable product from March 2017 through present.”
- Damage Amount Requested: $100,000.00
- Broker Comment: “Suitability and liquidity of investments made were discussed with former client on multiple occasions. Percentage of investment within the securities mentioned in Complaint were reviewed and within industry guidelines.”
April 2019 Customer Dispute
- Status: Settled
- Allegations: “Unsuitable products/misrepresentations”
- Settlement Amount: $90,000.00
May 2018 Judgment / Lien
- Judgment/Lien Amount: $14,923.22
- Judgment/Lien Type: Tax
- Broker Comment: “I learned of State of Georgia lien above on 10/09/2018. Immediately upon learning of this lien I contacted my tax attorney who has already started the process of filing an appeal with the State of Georgia, as well as establishing a proactive plan to have these liens satisfied and removed as soon as possible.”
May 2018 Judgment / Lien
- Judgment/Lien Amount: $9,504.96
- Judgment/Lien Type: Tax
- Broker Comment: “I learned of State of Georgia lien above on 10/09/2018. Immediately upon learning of this lien I contacted my tax attorney who has already started the process of filing an appeal with the State of Georgia, as well as establishing a proactive plan to have these liens satisfied and removed as soon as possible.”
October 2016 Judgment / Lien
- Judgment/Lien Amount: $39,809.21
- Judgment/Lien Type: Tax
June 2016 Judgment / Lien
- Judgment/Lien Amount: $52,414.74
- Judgment/Lien Type: Tax
May 2015 Judgment / Lien
- Judgment/Lien Amount: $47,846.81
- Judgment/Lien Type: Tax
Contact Us Today
The Sonn Law Group is currently investigating allegations that Kevin Rainwater made unsuitable investment recommendations. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.
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