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Broker Misconduct Investigation: David Kluksdal (Capital Financial Solutions)

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

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Updated on: September 4, 2025

National investment loss lawyers KlaymanToskes is investigating broker David Kluksdal (CRD#: 4850332) of Capital Financial Solutions offering securities through Cetera Wealth Services LLC.

Broker David Kluksdal is currently the subject of a customer complaint out of Albuquerque, NM alleging $500,000 in damages. According to FINRA BrokerCheck, the claim alleges that as a representative of Cetera Advisors Network, Kluksdal breached fiduciary duty, was negligent, and failed in his responsibility to supervise.

Investors that suffered losses with broker David D. Kluksdal are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Broker David Kluksdal Faces Customer Complaint

David D. Kluksdal, an Idaho financial advisor, co-founder and Chief Financial Officer of Capital Financial Solutions, LLC, is currently facing a pending customer complaint filed on July 2, 2025, alleging $500,000 in damages. According to FINRA BrokerCheck, the customer alleges breach of fiduciary, negligence, and failure to supervise.

Capital Financial Solutions offers financial services and retirement planning through its offices in both Boise and Payette, Idaho, according to its website.

David D. Kluksdal is registered as a broker with Cetera Wealth Services LLC and as an investment advisor through Cetera Advisors Network LLC.

Investment Losses with Broker David Kluksdal?

KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations. 

If you suffered losses with broker David Kluksdal, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.

The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.

*Exclusive of attorneys fees and costs.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker David Kluksdal, or have concerns regarding your investment portfolio at Capital Financial Services, Cetera, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.