Investor Lawsuit Investigation – Kim Kunz
The White Law Group is investigating potential securities claims involving former broker Kim Ray Kunz (CRD#: 718618), who was most recently registered with WestPark Capital, Inc. in Atascadero, California. Kunz reportedly has a history of regulatory sanctions and customer complaints, including unsuitable investment recommendations and violations of FINRA and SEC rules.
Regulatory Sanctions & Suspension
According to FINRA, Kunz was suspended for seven months beginning July 2025 after continuing to associate with his broker-dealer while under a prior three-month suspension. During his suspension, he communicated with clients about their accounts and relayed orders through another broker, in violation of FINRA Rule 2010 and Regulation Best Interest (Reg BI). These actions rendered him statutorily disqualified.
This followed an earlier suspension in 2024 for recommending speculative and illiquid debt securities to moderate-risk clients, violating Reg BI. He was fined $7,500 and ordered to pay $1,927 in restitution.
Customer Disputes and Risky Investments – Kim Kunz
Kunz has been named in multiple customer complaints alleging unsuitable and illiquid investment recommendations:
- In 2022, a claim alleged that a recommended investment later went bankrupt. The case settled for $100,000.
- In 2023, a customer claimed Kunz sold a risky, illiquid GWG investment and overconcentrated her portfolio. This claim also settled for $100,000.
Earlier in his career, Kunz was affiliated with VFG Securities and Financial West Group, among others. His record also includes three federal tax liens totaling over $128,000, which may indicate financial stress—a risk factor for potential misconduct.
Firms May Be Liable for Supervision Failures
FINRA-registered broker-dealers like WestPark Capital have a legal obligation to supervise their brokers. If Kunz recommended unsuitable investments or violated his suspension without firm oversight, the firm may be liable for resulting investor losses.
Recovery Options for Investors
If you invested with Kim Kunz and suffered financial losses, you may be eligible to file a FINRA arbitration claim for recovery. FINRA arbitration is a streamlined legal process that resolves disputes between investors and brokers or their firms.
Recovery Options for Investors
If you invested with Kim Kunz and suffered financial losses, you may be eligible to file a FINRA arbitration claim for recovery. FINRA arbitration is a streamlined legal process that resolves disputes between investors and brokers or their firms.
FINRA Arbitration vs. Class Action – What’s the Difference?
FINRA arbitration allows investors to file individualized claims and often resolves faster than class actions. Investors typically stand to recover more when their claims are handled independently through FINRA.
Free Consultation
The White Law Group has handled over 800 FINRA arbitration claims nationwide. If you believe you were misled by Kim Kunz or suffered losses in risky investments, call us at 888-637-5510 for a free consultation.
Visit www.whitesecuritieslaw.com for more information.
FAQs – Kim Kunz
What were the allegations involving Kim Kunz?
Kunz was accused of continuing to conduct business during a FINRA suspension, violating Regulation Best Interest, and recommending speculative and unsuitable investments to retail clients.
Can I recover losses if I invested with Kim Kunz?
Yes. Investors may be able to recover damages through FINRA arbitration if they suffered losses from unsuitable investments or regulatory violations.
How does FINRA arbitration work compared to a class action?
FINRA arbitration is an individual process tailored to your specific situation. It usually resolves faster than a class action and may result in higher recovery for investors with strong claims.
Last modified: July 14, 2025
