Donald Peabody: Kalyx Advisor Discloses $500K Complaint

A recent investor complaint against Coos Bay, Oregon financial advisor Donald Peabody (CRD# 2175218) alleges that his investment recommendations resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth, and that he is a representative of Kalyx Capital Management.

Mr. Peabody’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in June 2024, alleges that as a representative of Umpqua Investments, he made unsuitable recommendations in connection with a real estate investment. The pending complaint alleges damages of $500,000.

A second investor complaint, filed in 2003, alleged that as a representative of Citigroup GMI, he recommended inappropriate investments and omitted material information. The complaint reached a settlement of $1,800.

Kalyx Capital Management’s website includes a page describing the firm’s mission. “Our mission is to get to know and understand your needs, wants, and long-term goals,” it explains. “From managing debt to saving for college to retirement, these personal finance challenges can be overwhelming. Our commitment is to utilize all of our resources to help you pursue your goals. We believe in thinking ‘out of the box’ and we are not afraid to challenge conventional wisdom in our approach to investing and preserving wealth. All of our energy, commitment, and efforts are focused on you, the client, and your satisfaction.”

According to the Financial Industry Regulatory Authority, Donald Peabody holds 32 years of securities industry experience. Based in Coos Bay, Oregon, he has been registered as a broker and an investment advisor with Osaic Wealth since 2023. His past registrations includeFSC Securities Corporation, Umpqua Investments, Salomon Smith Barney, and Lehman Brothers. His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, California, Colorado, Florida, Massachusetts, Nevada, Oregon, Texas, Vermont, and Washington. (Information current as of August 10, 2024.)

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