Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 12, 2018 indicate that former Ohio-based Merrill Lynch broker/adviser David Kondracke has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kondracke (CRD# 849161).
David Kondracke has spent 38 years in the securities industry and was most recently registered with Merrill Lynch in Columbus, Ohio (2006-2017). Previous registrations include Advest in Hartford, Connecticut (1984-2006) and Vercoe & Company (1978-1984). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on April 18, 2007; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 26, 1985; Series 7 (General Securities Representative Examination), which he obtained on February 18, 1978; and Series 40 (Registered Principal Examination), which he obtained on December 14, 1978. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has been sanctioned by FINRA and received two customer complaints.
In June 2017 FINRA sanctioned him following allegations he failed to respond to a request for information. He was barred from acting as a broker or otherwise associating with a broker-dealer firm.
In January 2017 he resigned from his position at Merrill Lynch in connection to allegations he entered in an unapproved financial arrangement with a customer, recommended unsuitable investments and failed to comply with firm standards concerning the reporting of a customer complaint.
In 2016 a customer alleged David Kondracke, while employed at Merrill Lynch, misrepresented and omitted material facts and recommended unsuitable master limited partnerships. The complaint settled for $50,000.
In 2016 a customer alleged David Kondracke, while employed at Merrill Lynch, recommended unsuitable investments, misrepresented material facts, and omitted material facts. The complaint settled for $77,000.
If you or someone you know has lost money investing with David Kondracke, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.