KEVIN JAMES IMHOFF is currently employed as a Broker and/or Investment Adviser at HBW ADVISORY SERVICES LLC located at 4112 W. ST. JOE HWY, SUITE C, LANSING, MI, 48917.
KEVIN JAMES IMHOFF has worked at HBW ADVISORY SERVICES LLC since June 26, 2017
KEVIN JAMES IMHOFF is also currently employed as a Broker and/or Investment Adviser at BLUE DIAMOND FINANCIAL COACHING LLC located at 4112 W. ST. JOE HWY, SUITE C, LANSING, MI, 48917 since January 01, 1970
KEVIN JAMES IMHOFF is also currently employed as a Broker and/or Investment Adviser at CETERA ADVISOR NETWORKS LLC located at 4112 W ST JOE HWY STE C, LANSING, MI, 48917 since January 01, 1970
Disclosure History
KEVIN JAMES IMHOFF has 5 Disclosure Event(s).
Date: March 15, 2012 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT MR. IMHOFF USED INFORMATION OBTAINED THROUGH THEIR RELATIONSHIP WITH HIM AS THEIR REGISTERED REPRESENTATIVE TO SUGGEST THAT THEY PURCHASE FLORIDA CONDOS ON WHICH HE MADE A PROFIT OF $535,000. THEY CLAIM, IN DOING SO, MR. IMHOFF BREACHED DUTIES OWED TO THEM, AND HIS ACTIONS CONSTITUTED A CONFLICT OF INTEREST. Damage Amount Requested: $565,390.00 Settlement Amount: $372,500.00 Broker Comment: CUSTOMERS ARE COMPLAINING THAT THEY LOST MONEY ON CONDOMINIUMS THEY PURCHASED FROM MY WIFE'S REAL ESTATE COMPANY, CITING THAT THEY PURCHASED THE PROPERTY BECAUSE OF THEIR RELATIONSHIP WITH ME. PER INSTRUCTIONS FROM MY FORMER OSJ, I HAD NO OWNERSHIP IN HER COMPANY, NOR DID I EVER RECEIVE COMPENSATION OF ANY KIND FROM IT. FURTHER, I MADE SURE TO THE BEST OF MY KNOWLEDGE, THAT NO PFS INVESTMENTS WERE USED TO PURCHASE ANY REAL ESTATE. ACCORDING TO MY SPOUSE, THESE CUSTOMERS SIGNED INITIAL PURCHASE AGREEMENTS WITH HER COMPANY IN JULY & AUGUST 2006 AND CLOSING TOOK PLACE ON ONE CONDO IN SEPTEMBER 2006 WITH THE REMAINING CLOSING IN MARCH & APRIL 2007. SHE ALSO HAD THEM SIGN MULTIPLE DISCLOSURES CONFIRMING, AMONG OTHER THINGS, THAT THEY UNDERSTOOD THEIR REAL ESTATE PURCHASES WERE IN NO WAY CONNECTED TO PRIMERICA, MYSELF AS AN INDIVIDUAL OR AS AN AGENT OF PRIMERICA. THE DISCLOSURES SAY THEY UNDERSTOOD THERE WAS NO GUARANTEE REGARDING THE FUTURE VALUE OF ANY PROPERTIES. THE DISCLOSURES ALSO ENCOURAGED AND CONFIRMED THEIR RESPONSIBILITY TO DO THEIR OWN DUE DILIGENCE WHEN DECIDING TO PURCHASE REAL ESTATE FROM MY WIFE'S COMPANY.
Date: April 28, 2011 Category: Financial Type: Bankruptcy Disposition: Discharged Regulator Statement: Proceedings in FINRA Arbitration Case #10-01611 against Kevin James Imhoff were stayed by Bankruptcy proceedings in United States Bankruptcy Court, Michigan Western - Grand Rapids, Case #11-04869. Broker Comment: I WAS NAMED IN COMPLAINTS AFTER SWITCHING B/D'S AND THE FINANCIAL AND REAL ESTATE MARKET CRASH IN 2008. AFTER YEARS OF LITIGATION IN MULTIPLE FORUMS WITH NO END IN SIGHT AND EVEN THOUGH I HAD NO DELINQUENT DEBT; MY LEGAL TEAM ADVISED ME TO FILE BANKRUPTCY WHICH FORCED CLOSURE TO MY EXISTING CLAIMS AND THE POSSIBILITY OF ADDITIONAL LEGAL BATTLES.
Date: September 28, 2009 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT REPRESENTATIVE PROVIDED FALSE INFORMATION TO THEM REGARDING CONDOS THEY PURCHASED FROM HIS WIFE'S BUSINESS IN SEPT. 2006, MARCH & APRIL 2007. Damage Amount Requested: $1,525,884.00 Settlement Amount: $195,000.00 Broker Comment: CUSTOMERS ARE COMPLAINING THAT THEY LOST MONEY ON CONDOMINIUMS THEY PURCHASED FROM MY WIFE'S REAL ESTATE COMPANY, CITING THAT THEY PURCHASED THE PROPERTY BECAUSE OF THEIR RELATIONSHIP WITH ME. PER INSTRUCTIONS FROM MY FORMER OSJ, I HAD NO OWNERSHIP IN HER COMPANY, NOR DID I EVER RECEIVE COMPENSATION OF ANY KIND FROM IT. FURTHER, I MADE SURE TO THE BEST OF MY KNOWLEDGE, THAT NO PFSINVESTMENTS WERE USED TO PURCHASE ANY REAL ESTATE. ACCORDING TO MY SPOUSE, THESE CUSTOMERS SIGNED AN INITIAL PURCHASE AGREEMENT WITH HER COMPANY IN AUGUST 2006, CLOSING TOOK PLACE IN SEPTEMBER 2006 AND APRIL OF 2007. SHE ALSO HAD THEM SIGN MULTIPLE DISCLOSURES CONFIRMING,AMONG OTHER THINGS, THAT THEY UNDERSTOOD THEIR REAL ESTATE PURCHASES WERE IN NO WAY CONNECTED TO PRIMERICA, MYSELF AS AN INDIVIDUAL OR AS AN AGENT OF PRIMERICA. THESE SIGNED DISCLOSURES STATE THE EXACT OPPOSITE OF WHAT THEIR ALLEGATIONS ARE, SUCH AS THEY UNDERSTOOD THERE WAS NO GUARANTEE REGARDING THE FUTURE VALUE OF ANY PROPERTIES PURCHASED.
Date: September 24, 2009 Category: Customer Dispute Allegations: CUSTOMERS ALLEGE THAT REPRESENTATIVE PROVIDED FALSE INFORMATION TO THEM REGARDING A CONDO THEY PURCHASED FROM HIS WIFE'S BUSINESS IN MARCH 2007. Damage Amount Requested: $234,000.00 Settlement Amount: $88,500.00 Broker Comment: CUSTOMERS ARE COMPLAINING THAT THEY LOST MONEY ON A CONDOMINIUM THEY PURCHASED FROM MY WIFE'S REAL ESTATE COMPANY, CITING THAT THEY PURCHASED THE PROPERTY BECAUSE OF THEIR RELATIONSHIP WITH ME. PER INSTRUCTIONS FROM MY FORMER OSJ, I HAD NO OWNERSHIP IN HER COMPANY, NOR DID I EVER RECEIVE COMPENSATION OF ANY KIND FROM IT. FURTHER, I MADE SURE TO THE BEST OF MY KNOWLEDGE, THAT NO PFS INVESTMENTS WERE USED TO PURCHASE ANY REAL ESTATE. ACCORDING TO MY SPOUSE, THESE CUSTOMERS SIGNED AN INITIAL PURCHASE AGREEMENT WITH HER COMPANY IN AUGUST 2006, CLOSING TOOK PLACE IN MARCH 2007. SHE ALSO HAD THEM SIGN DISCLOSURES CONFIRMING, AMONG OTHER THINGS, THAT THEY UNDERSTOOD THEIR REAL ESTATE PURCHASE WAS IN NO WAY CONNECTED TO PRIMERICA, MYSELF AS AN INDIVIDUAL OR AS AN AGENT OF PRIMERICA. THESE SIGNED DISCLOSURES STATE THE EXACT OPPOSITE OF WHAT THEIR ALLEGATIONS ARE, SUCH AS FACT THAT THEY UNDERSTOOD THERE WAS NO GUARANTEE REGARDING FUTURE VALUE OF ANY PROPERTY PURCHASED.
Date: May 13, 2008 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGED THAT THE REPRESENTATIVE GAVE HER ERRONEOUS ADVICE THAT CAUSED HER TO VIOLATE TERMS OF A 72(T) AND INCUR RELATED TAX CONSEQUENCES. Damage Amount Requested: $4,567.37 Settlement Amount: $10,000.00 Broker Comment: IN 8/2002, [BROKER] BECAME THE WRITING/SERVICING AGENT ON AN ACCOUNT FOR [CUSTOMER] WHERE SHE SIGNED UP FOR AND ESTABLISHED A 72T DISTRIBUTION PLAN. IN 4/2004, SHE WITHDREW $10,768 FROM HER ACCOUNT, NULLIFYING HER 72T DISTRIBUTION AND THUS CREATED A TAXABLE EVENT. IN 2005, [BROKER] RESIGNED FROM PFS. 7/12/2006, [CUSTOMER] CAME INTO MY OFFICE TO WITHDRAW $450 FROM HER ACCOUNT AND SHE WAS TOLD THAT THIS WOULD NULLIFY HER 72T DISTRIBUTION. I WAS UNABLE TO SERVICE HER ACCOUNT AS I WAS NOT THE REP OF RECORD. ON 7/13/2006, [CUSTOMER] SIGNED A BROKER DEALER/REP CHANGE LISTING ME, [THIRD PARTY], AS THE AGENT OF RECORD FOR THE FIRST TIME. I BEGAN AT THAT POINT ASSISTING AND DIRECTING [CUSTOMER] IN CORRECTING HER PROBLEM CREATED BY HER WITHDRAWING ADDITIONAL FUNDS OFF OF HER IRA OVER AND ABOVE HER 72T DISTRIBUTION. THIS WAS AN "INHERITED" ACCOUNT, BUT PFS SETTLED A CLAIM IN MY NAME IN 2008 FOR A TRADE I DID NOT DO, ON AN ACCOUNT WITHDRAWL THAT I WAS NOT INVOLVED IN AND ON AN ACCOUNT THAT I COULD NOT ACCESS DATA ON UNTIL I WAS PUT AS THE AGENT OF RECORD LITERALLY 27 MONTHS AFTER THE TRIGGERING EVENT OF THIS COMPLAINT OCCURRED.
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