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Jose Acosta Jordan Of Kovack Securities Inc. And Formerly With Herbert J. Sims Capital Management, Inc. Has 10 Customer Complaints For Alleged Broker Misconduct

Who is Jose Acosta Jordan of Kovack Securities Inc.?

Jose Acosta Jordan

Jose Acosta Jordan (CRD #1688356) who is currently registered with Kovack Securities Inc. and located in San Juan, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Kovack Securities Inc., Jose Acosta Jordan was associated with Herbert J. Sims Capital Management, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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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 The last customer complaint was withdrawn.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.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

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.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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