Financial Advisor Kent Eric Engelke Has Disclosed Three Customer Disputes

• March 31, 2026
• Capital Securities Management

 

Broker’s Background

 

Kent Eric Engelke (CRD #: 1421164) is registered with Capital Securities Management, Inc. He is located in Glen Allen, VA. Engelke’s past employers include Capital Securities Management, Inc., Davenport & Company LLC, Anderson & Strudwick, Incorporated, A&S Capital Advisors, Inc., Sovran Investment Corporation, Dominick & Dominick, Incorporated, First Investors Corporation.

 

Current and Past Allegations of Conduct Leading to Investment Loss

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in December 2025, Kent Eric Engelke became the subject of a customer dispute alleging, “unsuitable recommendations”.

 

In addition, William Brian Candler has been the subject of three past FINRA disclosures:

• August 2020–“Unsuitable recommendations and over concentrated positions of high risk investments, including non-investment grade bonds.”  The case was settled for $168,000.

 

• December 2016–“Trustees for the Trust submitted a draft arbitration claim to the firm alleging that the Rep invested in securities that were not in line with the trusts objectives and that he did not advise the trustees appropriately on assets held in the account.”  The case was settled for $375,000.

 

• June 2021–“[CUSTOMER] CLAIMES THAT MR. ENGELKE MADE UNSUITABLE RECOMMENDATIONS FOR HER ACCOUNT AND TOOK INSTRUCTION FROM AN UNAUTHORIZED THIRD PARTY. THE SECURITIES IN QUESTION WERE PURCHASED FROM 5/96 THROUGH 7/96 AND HAVE SUBSEQUENTLY DECREASED IN VALUE.”  Case was settled for $55,000.  

 

For a copy of Kent Eric Engelke’s FINRA Broker Check, click here

 

We Help Investors Recover Investment Losses

 

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

 

Customer-specific suitability requires that a member or associated person have a reasonable basis to believe that the recommendation is suitable for a particular customer based on that customer’s investment profile. Among the criteria that a financial advisor must evaluate to satisfy his or her customer-specific suitability obligations include the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance; a client’s other investments, financial situation and needs, investment objectives, and any other information disclosed by the customer should also be considered.

 

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation. Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies, and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (855) 289-7868 or by email at mwolper@wolperlawfirm.com