Haselkorn & Thibaut has opened an investigation into Brett Michael Frum, a registered financial advisor with KCD Financial, Inc., in Tarpon Springs, FL. If you are concerned about your investment accounts or have questions regarding your investments with Mr. Frum, this comprehensive research report is designed to empower and inform you. Below, you’ll find objective facts, recent developments, red flags to consider, and a clear summary of all known complaints.
Brett Michael Frum: Background and Professional History
Table of Contents
- Name: Brett Michael Frum
- CRD Number: 2175253
- Current Firm: KCD Financial, Inc. (since November 2021)
- Current Location: Tarpon Springs, FL
- Prior Firms:
- AEI Securities, Inc.
- Patrick Capital Markets, LLC
- Provasi Capital Partners LP
- BIC Distributors, LLC
- MBSC Securities Corporation
- Prudential Investment Management Services LLC
- Thornburg Securities Corporation
- Seligman Advisors, Inc.
- Deutsche Banc Alex. Brown Inc.
- PaineWebber Incorporated
- Hibbard Brown & Co., Inc.
- Other Roles: Director of Sales and Distribution at TradeBacked Inc. (focus on leaseback financing to small and medium enterprises)
With such a longstanding career, it’s especially important for clients to stay informed and aware of any developments or notable events. Haselkorn & Thibaut’s research aims to bring clarity and actionable insights to current and potential investors.
Recent Developments: Customer Disputes and Pending Complaints
As of January 2026, a FINRA arbitration complaint has been filed against Brett Michael Frum while at KCD Financial, Inc. The action—initiated by a customer in September 2025—alleges unsuitable recommendations in relation to private placement investments made in 2022.
- Nature of Product Involved: Private placement investments, generally considered higher risk and less liquid.
- Allegations: That Mr. Frum recommended investments inconsistent with the client’s risk tolerance and investment profile.
- Damages Sought: Between $1,000,000 and $5,000,000, plus interest and costs.
While this claim is pending, it represents a key red flag for current and former clients. According to the SEC, private placements frequently carry elevated risk and are generally only suitable for investors who can absorb a total loss of their investment. Investors should always conduct additional due diligence and ask thoughtful questions about risk, liquidity and suitability before investing in private placement offerings.
Regulatory and Complaint History – A Complete Review
| Source | Findings for Brett Michael Frum (as of 2026) |
|---|---|
| FINRA BrokerCheck | No customer-initiated complaints or regulatory disclosures currently listed. Click here to verify current status. |
| SEC Records (EDGAR, Enforcement Releases) | No enforcement actions or orders against Brett Michael Frum. No recent actions against KCD Financial tied specifically to him. |
| Federal Litigation (PACER) | No federal lawsuits, asset freezes, or receiverships involving Brett Michael Frum in the past ten years. |
| State Court Records | No state-level complaints, civil judgments, or licensure disputes in either California or Florida. |
| News & Media | No news coverage of regulatory actions, major complaints, or investor alerts concerning Mr. Frum. |
Summary: Aside from the pending FINRA arbitration regarding private placements, there are no prior customer complaints or regulatory sanctions reported for Brett Michael Frum. Both his individual record and that of KCD Financial, Inc. appear clear of official disciplinary events as of the date of this review.
Red Flags and Key Considerations for Investors
- Pending Customer Complaint: The pending arbitration for a significant sum ($1M–$5M) tied to alleged unsuitable recommendations is a material event that requires investor attention.
- Nature of Products: Private placements typically pose high risks and sometimes, limited liquidity. Ensure a product’s risk matches your own investment profile and capacity for loss.
- Extra Due Diligence Advised: While historical regulatory records are clear, a pending complaint of this size indicates a potential pattern or practice that may impact other investors. Periodic self-audits of your portfolio—with a focus on illiquid or complex investments—are recommended.
It is always prudent for investors to regularly review account statements, trade confirmations, and communications from their financial professional, especially when illiquid or high-risk investments are involved.
What Should Investors Do Next?
If you have invested with Brett Michael Frum in Tarpon Springs, FL, through KCD Financial, Inc., or have questions about your investment portfolio, it is wise to seek professional guidance. Haselkorn & Thibaut is currently investigating Mr. Frum’s activities and offering free, confidential portfolio reviews to affected investors.
Why choose Haselkorn & Thibaut?
- 50+ years combined experience in securities law
- 98% success rate in recovering investment losses
- Millions recovered for clients nationwide
- No recovery, no fee: You pay nothing unless money is recovered for you.
If you have experienced significant losses or suspect unsuitable investment recommendations involving Brett Michael Frum or KCD Financial, Inc., don’t wait for your concerns to escalate. Immediate, proactive action can make a tremendous difference in recovery.
Contact Haselkorn & Thibaut for a free, confidential consultation: 1-888-885-7162
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