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Jose Zorrilla Formerly With Kovack Securities Inc. Has 13 Customer Complaints For Alleged Broker Misconduct

Who is Jose Zorrilla formerly with Kovack Securities Inc.?

Jose Zorrilla

Jose Zorrilla (CRD #4790973) who was formerly 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 Zorrilla was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Jose Zorrilla Customer Complaints

Jose Zorrilla has been the subject of 13 customer complaints that we know about seeking to recover investment losses. Ten of the customer complaints were settled by UBS Financial Services in favor the investors. Two of the customer complaints were denied by José Zorrilla’s former employers and the investors took no further action. There is currently one FINRA arbitration proceeding pending against UBS Financial Services for the advisor’s alleged misconduct.

Allegations Against Jose Zorrilla

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 recommendations to purchase and hold Puerto Rico municipal bonds and closed-end bond funds.
  • Misrepresentations related to investments in Puerto Rico securities.
  • Overconcentration of clients’ funds and Puerto Rico municipal bonds and closed-end bond funds

Jose Zorrilla Red Flags & Your Rights As An Investor

Of course, Jose Zorrilla 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 Zorrilla at Kovack Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Jose Zorrilla has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kovack Securities Inc. also raises questions about the brokerage firm’s 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 Zorrilla

If you have questions about Kovack Securities Inc. and/or Jose Zorrilla 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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