Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 14, 2016 indicate that former Florida-based Kovack Securities broker Douglas Studer has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Studer (CRD# 4440047).
Douglas Studer has spent fourteen years in the securities industry and was most recently registered with Kovack Securities in Fort Lauderdale, Florida (2015-2016). Previous registrations include National Securities in Aventura, Florida; Prime Capital Services in Tampa, Florida; VSR Financial Services in Apollo Beach, Florida; H&R Block Financial Advisors in New Port Richey, Florida; and Prime Capital Services in Port Richey, Florida. He is currently not registered with any state or firm.
According to his BrokerCheck report, Douglas Studer has received one customer complaint and one regulatory sanction.
In September 2016 FINRA sanctioned Douglas Studer following allegations he “consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony as requested by FINRA in relation to an investigation into whether he had violated his employing member firm’s policy by being named in an elderly customer’s estate documents to inherit the customer’s waterfront condominium.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In November 2015 a customer alleged Douglas Studer, while employed at National Securities, executed unauthorized trades. The complaint settled for $60,010.
If you or someone you know has a complaint regarding Douglas Studer, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.