Articles Tagged with prime capital services

AdobeStock_123495998-1-300x197Stoltmann Law Offices is interested in speaking to those investors who may have invested with Douglas Studer, formerly of Kovack Securities. Studer was recently barred from the industry by the Financial Industry Regulatory Authority (FINRA). Studer was accused of unauthorized trading and refused to appear for a testimony regarding an investigation into whether he violated firm policy by being named in an elderly customer’s estate document to inherit the customer’s waterfront condominium. If you invested with Douglas Studer, you may be able to recover your losses by bringing an arbitration claim against Kovack Securities in the FINRA arbitration forum. The firm had a duty to reasonably supervise him and it did not. We take cases on a contingency fee basis. The call to us is free with no obligation so please call today. 312-332-4200.

Studer was registered previously 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, Florida from October 2015 until July 2016. He has two customer disputes against him. He was permanently barred from the industry.

AdobeStock_123495998-1-300x197According to a recent Decision by the Financial Industry Regulatory Authority (FINRA), Thomas Edmund Connors was accused of failing to provide written notice of his outside business activities to his firm, PCS Investments. This is against securities laws. Allegedly, Mr. Connors set up customers who were opening advisory accounts and received payment from those customers. He also provided tax preparation services for those customers and never provided notice to his firm.

Connors was registered with Patten Securities Corp, Baird, Patrick & Co., Philips, Appel & Walden, Dean Witter Reynolds, Merrill Lynch, Invest Financial Corp, Reich & Co., Prime Capital Services in Toms River, New Jersey from September 1993 until July 2012 and First Allied Securities in Toms River from September 2012 until March 2016. He is currently registered with International Assets Advisory in Toms River and has been since March 2016. He has four customer disputes against him, one of which is currently pending.

If you suffered losses with Thomas Connors, please call our securities law firm at 312-332-4200 to speak to an attorney about your options for free. There is no obligation. We may be able to help you bring legal recourse against his former firm, PCS Investments to recover losses. We take cases on a contingency fee basis only.

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.

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