Category: Kovack Securities

Did You Lose Money Because of Hung Sam?

Filed: February 9, 2024

Hung Sam (also known as Sam T Hung and Hung Tuan Sam) has been the subject of two (2) regulatory events and one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Hung T Sam.

Who Is Hung T Sam of Kovack Advisors, Inc. and Kovack Securities Inc.?

• Advisor Name: Hung T Sam
• Aliases: Sam T Hung, Hung Tuan Sam, Hung Sam
• CRD: 6065447
• Location: Orange, California
• Current Employer: Kovack Advisors, Inc. and Kovack Securities Inc.
• Previous Firms: Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated
• Number of Known Customer Complaints: 1
• Number of Known Regulatory Events: 2
• Can Hung Sam Be Sued: Yes, in Private Arbitration
• Can Hung Sam’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: Unknown
• Highest Settlement: Unknown

If you have suffered investment losses by Hung Sam, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Hung Sam For Broker Misconduct

As of this publication date, Hung Sam has been the subject of 2 regulatory events and 1 customer dispute. Let’s review them below.

In December 2021, California Department of Insurance initiated a regulatory action against or in reference to Hung Sam for not notifying the California Department of Insurance of a regulatory action within 30 days.

In May 2021, FINRA initiated a regulatory action against or in reference to Hung Sam for allegedly borrowing $230,000 from a customer at his former member firm to finance a real estate purchase without the firm’s knowledge or prior written authorization, and in violation of the firm’s written procedures.

In April 2020, a complaint was filed against or in reference to Hung Sam by a customer of Wells Fargo Advisors alleging that Mr. Sam did not sell as instructed.

How To File A Claim Against Hung Sam of Kovack Advisors, Inc. and Kovack Securities Inc. (previously with Wells Fargo Clearing Services, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated) To Get Your Money Back

If you have questions about Hung Sam, Kovack Advisors, Inc., Kovack Securities Inc., Wells Fargo Clearing Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Karmen Kingsmore?

Filed: October 25, 2023

Karmen Kingsmore currently has five (5) pending judgment/lien events. Over all, he has been the subject of five (5) pending judgment/lien events and 1 regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on  Karmen Dwayne Kingsmore.

Who Is Karmen Dwayne Kingsmore?

• Advisor Name: Karmen Dwayne Kingsmore
• Aliases: Karmen Kingsmore
• CRD: 1076197
• Location: Union, South Carolina
• Current Employer: Currently Not Registered
• Previous Firms: Kovack Securities Inc., Resource Horizons Group LLC, and Centennial Capital Management, Inc.
• Number of Known Judgment/Lien Events: 5
• Number of Known Regulatory Events: 1
• Can Karmen Kingsmore Be Sued: Yes, in Private Arbitration
• Can Karmen Kingsmore’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
• Highest Damages Allegation: Unknown
• Highest Settlement: Unknown

If you have suffered investment losses by Karmen Kingsmore, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Karmen Kingsmore For Broker Misconduct

As of this publication date, Karmen Kingsmore has been the subject of 5 judgment/lien events and 1 regulatory event. Let’s review them below.

In October 2021, Karmen Kingsmore was the subject of a civil judgment or lien in the amount of $35,500.79. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In December 2019, Karmen Kingsmore was the subject of a civil judgment or lien in the amount of $43,057.87. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In September 2018, Karmen Kingsmore was the subject of a civil judgment or lien in the amount of $59,684.16. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In April 2016, FINRA initiated a regulatory action against or in reference to Karmen Kingsmore. Without admitting or denying the findings, Kingsmore consented to the sanctions and to the entry of findings that Kingsmore failed to timely amend the Form U4 to disclose federal and state unsatisfied tax liens filed against Kingsmore. The findings stated that although Kingsmore provided general notice to the member firm regarding the existence of unspecified tax liens, Kingsmore failed to timely amend the Form U4 to disclose the liens.

In December 2013, Karmen Kingsmore was the subject of a civil judgment or lien in the amount of $19,488.23. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

In December 2013, Karmen Kingsmore was the subject of a civil judgment or lien in the amount of $11,555.36. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.

How To File A Claim Against Karmen Kingsmore (previously with Kovack Securities Inc., Resource Horizons Group LLC, and Centennial Capital Management, Inc.) To Get Your Money Back.

If you have questions about Karmen Kingsmore, Kovack Securities Inc., Resource Horizons Group LLC, Centennial Capital Management, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.

Did You Lose Money Because of Danny Young of Kovack Securities (previously with Cetera Advisor Networks)?

Filed: October 20, 2023

Danny Young, or Danny Jerome Young, currently has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Danny Young.

Who Is Danny Young of Kovack Securities Inc. and Kovack Advisors, Inc.?

• Advisor Name: Danny Young
• Aliases: Danny Jerome Young
• CRD: 4115155
• Location: Adel, Georgia
• Current Employer: Kovack Securities Inc. and Kovack Advisors, Inc.
• Previous Firms: Cetera Advisor Networks LLC and Voya Financial Advisors, Inc.
• Number of Known Customer Complaints: 3
• Can Danny Young Be Sued: Yes, in Private Arbitration
• Can Danny Young’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $800,000
• Highest Settlement: $250,000

If you have suffered investment losses by Danny Young, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Danny Young For Broker Misconduct

As of this publication date, Danny Young has been the subject of 3 customer disputes. Let’s review them below.

In April 2021, a FINRA arbitration was filed against or in reference to Danny Young by multiple customers of Voya Financial Advisors, Inc. alleging that Mr. Young sold them risky, high-fee investments in 2015 and 2016 which were unsuitable for their investment needs and inconsistent with their investor profiles. Per the customers, they lost over $800,000 due to Mr. Young’s actions. On July 7, 2022, Mr. Young settled the claim for $250,000, and some or all of this amount may have been paid by Mr. Young’s employer and/or insurance carrier.

In November 2008, a complaint was filed against or in reference to Danny Young by a customer of ING Financial Partners, Inc. alleging that Mr. Young never told the client that, in order for him to receive the full amount of his contract, he would need to annuitize his variable annuity and take payments over a 20- to 30-yr period, or that he would need to wait for the surrender period to end. In addition, client surrendered contract after talking to an insurance agent named Paul McCarthy, incurring CDSC (contingent deferred sales charge) in the process. Per the customer, he lost over $7,195.62 due to Mr. Young’s actions.

In June 2007, a complaint was filed against or in reference to Danny Young by customers of ING Financial Partners, Inc. The clients complained to Midland Ins. regarding confusion over the margins and caps of equity indexed annuities sold to them by Mr. Young in June of 2006. Clients also allege that Mr. Young sold them products with surrender periods that were too long for their respective ages.

How To File A Claim Against Danny Young of Kovack Securities Inc. and Kovack Advisors, Inc. (previously with Cetera Advisor Networks LLC and Voya Financial Advisors, Inc.) To Get Your Money Back.

If you have questions about Danny Young, Kovack Securities Inc., Kovack Advisors, Inc., Cetera Advisor Networks LLC, Voya Financial Advisors, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.

Did You Lose Money Because of Daniel Morris Jr. of Kovack Securities (previously with Cetera Advisor Networks)?

Filed: October 20, 2023

Daniel Allen Morris currently has been the subject of one (1) customer complaint. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.

Let’s begin our Patil Law Advisor Alert with a summary report on Daniel Allen Morris.

Who Is Daniel Allen Morris of Kovack Securities Inc. and Kovack Advisors Inc.?

• Advisor Name: Daniel Allen Morris Jr.
• Aliases: Daniel Allen Morris
• CRD: 5532792
• Location: Adel, Georgia
• Current Employer: Kovack Securities Inc. and Kovack Advisors, Inc.
• Previous Firms: Cetera Advisor Networks LLC and Voya Financial Advisors Inc.
• Number of Known Customer Complaints: 1
• Can Daniel Allen Morris Be Sued: Yes, in Private Arbitration
• Can Daniel Allen Morris’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
• Highest Damages Allegation: $10,000
• Highest Settlement: $20,000

If you have suffered investment losses by Daniel Allen Morris, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an elder financial abuse lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.

Customer Complaints Filed Against Daniel Allen Morris For Broker Misconduct

As of this publication date, Daniel Allen Morris has been targeted in 1 customer dispute. Let’s review it below.

In March 2019, a complaint was filed against or in reference to Daniel Allen Morris by a customer of Voya Financial Advisors, Inc. alleging that Mr. Morris Jr sold a life insurance policy that was misrepresented as a retirement plan. Per the customer, they lost over $10,000 due to Mr. Morris Jr’s actions. On May 7, 2019, Mr. Morris Jr settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Morris Jr’s employer and/or insurance carrier.

How To File A Claim Against Daniel Allen Morris of Kovack Securities Inc. and Kovack Advisors, Inc. (previously with Cetera Advisor Networks LLC and Voya Financial Advisors Inc.) To Get Your Money Back.

If you have questions about Daniel Allen Morris, Kovack Securities Inc., Kovack Advisors, Inc., Cetera Advisor Networks LLC, Voya Financial Advisors Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.