According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Douglas Wayne Studer was accused of violating his firm’s policy. He was registered with Kovack Securities in Fort Lauderdale, Florida when he was accused of naming himself in his 91-year-old customer’s estate documents in order to inherit the customer’s waterfront condominium. This is against securities rules and regulations. Studer was also accused of not appearing for a FINRA on-the-record testimony and was barred from the industry because of it.
Studer was registered with Prime Capital Services in Port Richey, Florida from August 2001 until August 2006, H&R Block Financial Advisors 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 from October 2015 until July 2016. He has two customer disputes against him. He is not licensed and has been barred from the industry, according to his online FINRA BrokerCheck report.
If you suffered losses with Douglas Studer, you may be able to recover them by bringing a claim against his former firm, Kovack Securities, in the FINRA arbitration process. We take cases on a contingency fee basis only, which means we do not make money unless your recover your losses. The call to us is free, so please call our Chicago-based law offices today to speak to a securities attorney. There is no obligation. 312-332-4200.