DID SUSAN PENNEY CAUSE YOU INVESTMENT LOSSES?
Susan Penney of Kovack Securities Inc., And Kovack Advisors Has One Customer Complaint For Alleged Broker Misconduct
Who is Susan Penney of Kovack Securities Inc.?
Susan Penney (CRD #1238195) who is currently registered with Kovack Securities Inc., Kovack Advisors and located in Oklahoma City, Oklahoma is a subject of one of our many securities industry sales practice abuse investigations.
Susan Penney has also been the subject of a FINRA f/k/a NASD investigation that has been settled without admitting or denying the allegations that she exercised discretionary trading Authority customer brokerage accounts without prior written customer authorization and without speaking to the customers on the day of the trades in violation of the member firm’s policies and procedures. She was suspended by FINRA for 10 days in all capacities and fined $5, 000 for the allegedly violation of NASD rules.
Susan Penney Customer Complaint
Susan Penney has been the subject of at least one customer complaint that we know about, which was filed in the last year to recover investment losses. The allegations made in the FINRA reported customer complaint for investment losses were that the client alleges that representative sold unsuitable investments resulting in losses. Susan Penney’s customer complaint was settled in favor of the investors.
Susan Penney Red Flags & Your Rights As An Investor
Of course, Susan Penney 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 Susan Penney at Kovack Securities Inc. and Kovack Advisors on alert to review carefully the activity and performance of their accounts and question whether Susan Penney has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kovack Securities Inc. and Kovack Advisors 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.
File A Claim To Recover Your Investment Losses At Kovack Securities Inc. and Kovack Advisors Due To Susan Penney
If you have questions about Kovack Securities Inc., Kovack Advisors, and/or Susan Penney 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.