Haselkorn & Thibaut has launched an investigation into Brett Frum (CRD#: 2175253), a financial advisor based in Tarpon Springs, Florida and registered with KCD Financial. If you have invested with Brett Frum or KCD Financial and are concerned about your investment outcomes, this comprehensive research report provides key insights to help assess your situation and explore your options.
Who is Brett Frum?
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Brett Frum is a financial advisor and broker with over 21 years of experience in the securities industry. He has been with KCD Financial since October 2021, operating in Tarpon Springs, Florida. His roles include both broker and investment advisor, and he maintains licenses in Alabama, Florida, Minnesota, Oregon, and Texas. His professional journey includes past affiliations with several other firms, such as AEI Securities, Patrick Capital Markets, Provasi Capital Partners, BIC Distributors, MBSC Securities, Lincoln Financial Securities (2018–2021), and Cetera Advisor Networks (2016–2018).
| Advisor Name | CRD Number | Current Firm | Location | Licenses Held | Current Registration Since |
|---|---|---|---|---|---|
| Brett Frum | 2175253 | KCD Financial | Tarpon Springs, FL | Series 7, 63, 65, SIE, Life & Health | October 2021 |
Brett Frum’s Qualifications and Experience
- Passed the Securities Industry Essentials Examination (SIE), Series 7, Series 63, and Series 65.
- Registered as a broker and investment advisor.
- More than two decades of experience.
- Licensed to operate across multiple states.
While these credentials demonstrate a long-standing presence in the industry, investors are encouraged to look beyond titles and experience alone when evaluating an advisor’s suitability for their specific needs.
Current Complaint and Allegations Against Brett Frum
Investors should be aware that a recent investor complaint has been filed in September 2025, alleging damages between $1 million and $5 million. The pending complaint claims that, as a representative of KCD Financial, Brett Frum recommended risky private placements that resulted in significant losses. This matter is currently pending.
- Date of Complaint: September 2025
- Allegation: Unsuitable recommendation of risky private placements
- Status: Pending
- Claimed Damages: $1 million–$5 million
No other complaints, customer arbitrations, lawsuits, or regulatory actions have been disclosed or found through public sources as of December 29, 2025. This information is based on the latest FINRA BrokerCheck search and supplemental regulatory reviews. Verify current records here.
What Do These Complaints Mean for Investors?
The pending complaint alleging unsuitable investment recommendations is a serious matter. Both FINRA Rule 2111 and the SEC’s Regulation Best Interest require brokers to have a “reasonable basis” for believing that their recommendations are appropriate for each client, based on their unique investment profile, objectives, risk tolerance, and financial circumstances. If a broker’s recommendations do not align properly with a client’s needs, investors may have grounds to pursue recovery of losses.
- Brokers must put the interests of their clients first, not their own.
- Risky or complex products, such as private placements, may be inappropriate for many investors depending on their goals and risk appetite.
- If recommendations result in significant losses that could have been avoided, investors may be entitled to recourse.
Red Flags: What Should Investors Watch For?
Suitability and best interest standards exist to protect investors from recommendations that are not aligned with their needs and risk tolerance. If you experienced any of the following, you may want to have your accounts reviewed for potential issues:
- Investments in high-risk, illiquid, or complex products that were not thoroughly explained to you
- Recommendations that seem inconsistent with your stated investment goals or risk profile
- Large, unexpected losses in your accounts attributed to specific products or strategies
- Feeling pressured into making investment decisions without adequate time or information
If any of these situations sound familiar, it may be in your best interest to seek a second opinion.
Complete List of Disclosed Complaints and Regulatory Actions Against Brett Frum (as of December 2025)
| Date | Nature of Complaint or Action | Status | Amounts Involved |
|---|---|---|---|
| September 2025 | Alleged unsuitable recommendations of risky private placements | Pending | $1 million–$5 million |
No other complaints, arbitrations, civil lawsuits, regulatory actions, or criminal matters have been disclosed or found on public record as of the most recent search.
How Can Haselkorn & Thibaut Help?
Haselkorn & Thibaut is a national investment fraud law firm with over 50 years of combined experience, a 98% success rate, and millions recovered for clients. Our team exclusively represents investors who have experienced investment losses—never the financial advisors or brokerage firms.
- Free Consultation: Get a confidential and no-obligation review of your situation.
- No Recovery, No Fee: You do not pay us unless we help you recover losses.
- National Representation: We help investors nationwide.
If you invested with Brett Frum or KCD Financial and suffered losses, call Haselkorn & Thibaut today at 1-888-885-7162 or visit our website to schedule your free consultation. Protect your financial future by having your account reviewed by investment fraud attorneys with proven results.
