Public records published by the Financial Industry Regulatory Authority (FINRA) on March 17, 2017 indicate that former Florida-based Kovack Securities broker/adviser Dennis Coral has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Coral (CRD# 4561718).
Dennis Coral has spent fourteen years in the securities industry and was most recently registered with Kovack Securities in Fort Lauderdale, Florida (2017). Previous registrations include Suntrust Investment Services in Fort Lauderdale, Florida; Morgan Stanley in Aventura, Florida; Morgan Stanley & Company in Aventura, Florida; Morgan Stanley DW in Aventura, Florida; Ladenburg Thalmann & Company in New York, New York; and Ladenburg Capital Management in Bethpage, New York. He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 31 (Futures Managed Funds Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Dennis Coral has been sanctioned and suspended by FINRA.
In January 2017 FINRA sanctioned Dennis Coral following allegations he “shared in losses sustained by his member firm’s customer by depositing $34,935 of his personal funds into the customer’s account.” FINRA’s findings state more specifically: “Coral deposited two checks drawn on his personal bank account in the amounts of $24,715 and $10,220, respectively, into the account of the firm’s customer. Coral deposited the checks in the customer’s account, without the firm’s prior knowledge or approval, and without having previously contributed to the account, to reimburse the customer for losses totaling approximately $34,934 sustained in connection with the customer’s purchases of Puerto Rican bond holdings that Coral recommended.” He was issued a fifteen-day suspension.
If you have complaints regarding Dennis Coral, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.