DID JOSE IVAN ACOSTA JORDAN CAUSE YOU INVESTMENT LOSSES?
Jose Acosta Jordan Of Kovack Securities Inc. And Formerly With Herbert J. Sims Capital Management, Inc. Has 10 Customer Complaints For Alleged Broker Misconduct
Jose Acosta Jordan Customer Complaints
Jose Acosta Jordan has been the subject of 10 customer complaints that we know about to recover investment losses. Nine of the customer complaints were settled by Popular Securities and Merrill Lynch, Pierce, Fenner and Smith in favor of the investors. The last customer complaint was withdrawn.
Allegations Against Jose Acosta Jordan
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable investment recommendation to purchase and hold Puerto Rico municipal bonds and closed-end bond funds.
- Both of concentration of customer funds in Puerto Rico municipal bonds and closed-end bond funds.
- Misrepresentation of the risk of investing in holding Puerto Rico municipal bonds and closed-end bond funds.
Jose Acosta Jordan Red Flags & Your Rights As An Investor
Of course, Jose Acosta Jordan did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jose Acosta Jordan at Kovack Securities Inc. and Herbert J. Sims Capital Management, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jose Acosta Jordan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kovack Securities Inc. and Herbert J. Sims Capital Management, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Kovack Securities Inc. Due To Jose Acosta Jordan
If you have questions about Kovack Securities Inc., Herbert J. Sims Capital Management, Inc. and and/or Jose Acosta Jordan and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.