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Written by 11:14 am Blog, Securities Fraud Articles

Marc Steven Broder barred from FINRA

According to FINRA, Marc Steven Broder was recently barred from FINRA and from associating with any FINRA member firm.

The sanction was based on findings that Broder failed to respond to FINRA requestes for documents and information and failed to appear for invstigative testimony regarding its investigation into Broder and Kovack Securities.

Based on Broder’s FINRA Broker Report, it does not appear that he has been named in any other regulatory investigations or customer complaints at this point.  However, his former firm, Kovack Securities has been named in several regulatory events and arbitration/customer complaints.  Specifically, Kovack Securities has been name in at least 2 regulatory events and 4 arbitration/customer complaints.  These arbitrations included claims for, among other things, unsuitability, improper use of margin, and misrepresentation of corporate bonds.

If you have questions about investments you made with Marc Steven Broder or Kovack Securities, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.

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