Kovack Securities Inc.

There are Recent Customer Complaints with Broker Jeffrey Stock in Firm Kovack Securities INC.

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Stock (Stock), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Stock recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 10, 2025.

Claimants allege that a conservation easement purchased in 2016 resulted in unexpected tax consequences.

Broker Jonathan Fike in Kovack Securities INC. Firm Has Customer Complaint

January 4, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonathan Fike (Fike), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Fike recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on November 10, 2025.

Claimant alleges that a conservation easement purchased in 2016 resulted in unexpected tax consequences.

There are Recent Customer Complaints with Broker Sandra Mckoy in Firm Kovack Securities INC.

December 27, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sandra Mckoy (Mckoy), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Mckoy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on January 11, 2022.

Client alleges investment was unsuitable

Broker Barbara Ralston in Kovack Securities INC. Firm Has Customer Complaint

December 25, 2025 | by Staff Attorney

Currently financial advisor Barbara Ralston (Ralston), currently employed by brokerage firm Kovack Securities INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $35,000.00 on January 31, 2022.

Claimant expressed his dissatisfaction related to REIT purchase made approximately seven years ago by a Representative supervised by Ms. Ralston. Arbitration filed claims unsuitability and misrepresentation regarding the REITs.

There are Recent Customer Complaints with Broker Andrew Day in Firm Kovack Securities INC.

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Andrew Day (Day), previously associated with Kovack Securities INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Day recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 28, 2022.

Claimant alleges that his 1031 exchange was unsuitable.

Broker Richard Scheffer in Kovack Securities INC. Firm Has Customer Complaint

December 23, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Scheffer (Scheffer), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Scheffer recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on March 28, 2022.

Claimants allege unsuitability, overconcentration, and omissions regarding an offshore investment purchased in 2009.

Broker Sandra Mckoy in Kovack Securities INC. Firm Has Customer Complaint

December 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Sandra Mckoy (Mckoy), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Mckoy recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on January 11, 2022.

Client alleges investment was unsuitable

There are Recent Customer Complaints with Broker Barbara Ralston in Firm Kovack Securities INC.

December 9, 2025 | by Staff Attorney

Currently financial advisor Barbara Ralston (Ralston), currently employed by brokerage firm Kovack Securities INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $35,000.00 on January 31, 2022.

Claimant expressed his dissatisfaction related to REIT purchase made approximately seven years ago by a Representative supervised by Ms. Ralston. Arbitration filed claims unsuitability and misrepresentation regarding the REITs.

Broker Douglas Studer in Kovack Securities INC. Firm Has Customer Complaint

November 9, 2025 | by Staff Attorney

Previously financial advisor Douglas Studer (Studer), previously employed by brokerage firm Kovack Securities INC. has been subject to at least one disclosable event. These events include one customer complaint. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $90,000.00 on August 11, 2022.

Claimant alleges breach of fiduciary duty, failure to supervise, overconcentration, and unsuitability regarding the sale of REITs.

Broker Maile Foster in Kovack Securities INC. Firm Has Customer Complaint

November 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Maile Foster (Foster), currently associated with Kovack Securities INC., has at least one disclosable event. These events include one customer complaint, alleging that Foster recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $198,000.00 on August 29, 2022.

Claimant alleges that representative recommended unsuitable investments and failed to properly service the accounts resulting in a tax issue and lost opportunity costs.