Howard Kavinsky Barred by FINRA
According to public records on December 20th, 2024, The Financial Industry Regulatory Authority (FINRA) has barred Howard Kavinsky (CRD#: 5881623) from working as a broker.
Kavinsky reportedly consented to the sanctions after he allegedly falsified at least 190 consolidated account statements for at least eight customers, some of whom were seniors, by purportedly overstating the customers’ account balances and reflecting fictitious investments in a hedge fund.
FINRA’s findings alleged that Kavinsky also falsified the consolidated account statements for at least six of these customers to reflect that he had invested a portion of their funds in a hedge fund, even though he had not made any such investments. Kavinsky purportedly provided false and misleading information and reportedly testified falsely to FINRA.
FINRA requested that Kavinsky identify all customers for whom he had ever misrepresented account values on any document. Kavinsky allegedly responded falsely by naming only a married couple who had already reportedly complained about Kavinsky to the firm. At the time that Kavinsky made this response, he allegedly knew it was false and that he had actually overstated the account values for at least eight customers on their consolidated account statements.
During on-the-record testimony that FINRA conducted, Kavinsky allegedly repeatedly testified falsely that he never told any of his customers that they were invested in any hedge funds.
Misrepresentation
FINRA Rule 2010 Standards of Commercial Honor and Principles of Trade- says that broker-dealers must operate with the highest standards of commercial honor in their dealings with investors.
Firms that fail to supervise their advisors can be held responsible for investment losses in aFinancial Industry Regulatory Authority (FINRA) arbitration claim.
FINRA BrokerCheck – Howard Kavinsky
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
Howard Kavinsky reportedly has several disclosure events on his broker report, including 3 financial disclosures, a pending customer complaint from 2024, an employment separation, a judgment/lien, and the regulatory event discussed above.
According to his broker report, Kavinsky was reportedly registered with the following firms during his career, among others.
09/16/2024 – 12/04/2024 SUPREME ALLIANCE LLC (CRD#:45348) CHARLOTTE, NC
07/22/2022 – 06/13/2024 B. RILEY WEALTH MANAGEMENT (CRD#:2543)Chicago, IL
07/05/2019 – 07/22/2022 NATIONAL SECURITIES CORPORATION (CRD#:7569) CHICAGO, IL
08/27/2018 – 07/10/2019 DAVID A. NOYES & COMPANY (CRD#:205) INDIANAPOLIS, IN
04/15/2015 – 07/25/2018 MORGAN STANLEY (CRD#:149777)CHICAGO, IL
Regulation Best Interest
FINRA registered Broker-dealers are required to conduct thorough due diligence before recommending investments, under the “Regulation Best Interest” standard. If a financial advisor fails to meet this obligation before making a recommendation, they may be held liable for any resulting investment losses.
If you have suffered investment losses due to misrepresentation, the securities attorneys at The White Law Group may be able to help you. You may be able to recover your losses by filing a FINRA arbitration claim against your brokerage firm that sold you the investment.
Free Consultation with National Securities Attorneys
If you have suffered investment losses with Howard Kavinsky, the securities attorneys at the White Law Group may be able to help you. Please call (888) 637-5510 for a free consultation.
About The White Law Group
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
With more than 30 years of experience in securities law, The White Law Group has the knowledge and expertise to help investors recover losses resulting from securities fraud.
Last modified: January 9, 2025
