Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Kauzlarich (Kauzlarich), currently associated with Park Avenue Securities LLC, has at least one disclosable event. These events include one customer complaint, alleging that Kauzlarich recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $462,000.00 on May 24, 2024.
In March 2022, client alleges the information he received was inaccurate when he informed the RR he wanted to move his account investments to cash but was told it could not be done since the line of credit that was collateralized with his account did not permit his account to hold cash. Client further alleges that he intructed the RR to change his risk model to a more conservative model and it was never processed.