Douglas W. Studer Barred By FINRA: How You Can Recover Investment Losses

The Financial Industry Regulatory Authority (FINRA) recently barred Douglas W. Studer, a former broker with Kovack Securities in Fort Lauderdale, Florida. According to FINRA, Mr. Studer failed to appear for his on-the-record testimony. He was being investigated as to whether he violated his former member firm’s policy by being named in an elderly client’s estate documents to inherit the client’s waterfront condominium. This is against securities laws. Studer’s former firm, Kovack Securities, may be liable for investment losses because it failed to properly supervise him. Please call our Chicago-based law firm today to speak to one of our attorneys about your options of recovering your losses with Douglas Studer on a contingency fee basis in the FINRA arbitration forum. Call today as there is a statute of limitations on many of these cases. The call is free with no obligation.

According to his FINRA online BrokerCheck report, Mr. Studer was registered with Prime Capital Services in Port Richey, Florida from August 2001 until August 2006, H&R Block in New Port Richey, Florida from July 2006 until September 2007, VSR Financial Services in Apollo Beach, Florida from September 2007 until March 2009, Prime Capital Services in Tampa, Florida from March 2009 until November 2013, National Securities Corp in Aventura, Florida from November 2013 until November 2015 and Kovack Securities in Fort Lauderdale, Florida from October 2015 until July 2016. He has two customer disputes against him, is not licensed and has been permanently barred from the industry.

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