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Expert Review

David Kudla: Lawsuits & SEC Litigations (Update 2024)

Who is David Kudla (CRD#: 4431292)?

A fee-only, independent Registered Investment Advisor, David Kudla is the founder, CEO, and Chief Investment Strategist of Mainstay Capital Management, LLC. Additionally, he holds the positions of president and executive editor at FIA Publishing, LLC, the company that produces the “401k Investor” line of investment consulting periodicals.

David provides retirement planning and investment advice to thousands of participants in workplace savings plans, speaks at national conferences, leads educational seminars, and writes articles on the subject. David is a contributing author for Forbes and Dow Jones MarketWatch. Bloomberg, CNBC, Fox Business, CNN, and other networks, as well as prestigious print media publications, have all sought for his advice on investing, the financial markets, and retirement planning.

About Mainstay Capital Management

To assist individuals who do not have the time or interest to give their retirement savings accounts and other assets the in-depth study and analysis they need, Mainstay Capital Management, LLC (MCM) was established.

To satisfy a client’s long-term objectives and risk tolerance, MCM uses the investment possibilities offered in his or her 401(k), 403(b), IRA, or other form of managed account to the fullest extent possible. In addition, Mainstay Capital Management’s team of Senior Wealth Advisors can provide advice and provide all-encompassing solutions for every financial element of your life.

Mainstay Capital Management is an independent, fee-only, Registered Investment Advisor. MCM is not affiliated with, nor does it accept commissions or other payments from, any broker, mutual fund company, bank, or insurance company.

We at Mainstay Capital Management are dedicated to providing first-rate, individualized service. Following a comprehensive investigation, Mainstay will oversee a portfolio that is tailored to your requirements. Our staff will manage your portfolio and take care of all day-to-day investing decisions, whether you have a lengthy time horizon and want to optimize returns or would want to create current income and reduce volatility.

What is SEC?

The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.

David Kudla Disclosures: BrokerCheck, FINRA, And SEC

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BrokerCheck report of David Kudla includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.

Financial Advisors often take down their client disputes from FINRA’s Public database through Disclosure Expungement. Even law firms provide expungement services to FAs so that they can hide or remove their client disputes and maintain a clean record. So the lack of any disclosures on BrokerCheck doesn’t necessarily mean that the broker hasn’t had any disputes in the past.
6/12/2023 Update
As of now, David Kudla has not responded, nor has he apologized for his misdeeds. He has ignored our efforts to highlight the problems faced by his victims. Furthermore, he has only focused on propagating his fake PR.


Source: individual_4431292.pdf (

SEC Litigations & Forms

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Source: David Kudla – SEC Site Search Search Results

David Kudla Lawsuits

Most court cases filed in the United States of America are archived on CourtListener, UniCourt,, Justia, and Trellis. law, and Law360. If David Kudla has been involved in any such lawsuits, then you can find the documents using the links down below:

There might be more pending lawsuits against David Kudla that are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against David Kudla on these websites, then you can contact the local authorities and check if they have a physical copy of any lawsuits.

David Kudla Complaints and Legal Battles

The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against David Kudla using the websites down below:

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  • Financial planning
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