Investors may have suffered financial harm by securities broker Carlos C. Garcia [CRD: 2635960, Westport, Connecticut], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Garcia has worked for Kovack Securities Inc. and Kovack Advisors Inc. since October 19, 2012. See below to learn more about Garcia’s disclosures.
Particularly, a client filed a complaint about Carlos Garcia. Primarily, the client alleged that Garcia recommended continuing to hold real estate securities, resulting in unrealized losses. Because of this, the client allegedly sustained damages linked to real estate securities. Consequently, on May 6, 2025, Kovack Securities Inc. settled this matter by paying the client $76,500.
Unsuitable recommendations occur when a broker suggests investments that do not align with a client’s financial situation, objectives, risk tolerance, age, liquidity needs, experience, investment time horizon, and circumstances.
Specifically, FINRA issued Case 2012032914901 on July 22, 2013, fining Garcia $5,000 and suspending him from association with any FINRA member in any capacity for five months. Allegedly, Garcia violated FINRA Rules 2010 and 3270 and NASD Rules 2110 and 3030 by selling approximately $4.3 million in equity-indexed annuities away from his employment with MetLife Securities Inc. without notifying the firm. FINRA also alleged that Garcia received about $338,445 in compensation and falsely certified in five annual attestations that he had not engaged in undisclosed outside business activities. Therefore, Garcia was fined $5,000 and suspended from August 19, 2013, through January 18, 2014.
Do you have concerns or questions regarding investments you made with Carlos Garcia? You should contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, our securities lawyers handle cases on a contingency fee basis and advance all costs. Garcia and brokerage firms Garcia worked for deny accusations of sales practice violations.
Investors potentially incurred losses because of securities broker Sandeep Madhavan [CRD: 4673687, El Segundo, California], according to information disclosed through FINRA BrokerCheck. Madhavan has worked for Ameriprise Financial Services as a securities broker since August 15, 2003, and as a financial advisor since May 10, 2007. Continue reading to find out more about the disclosed […]
Investors may have suffered financial harm by securities broker Carlos C. Garcia [CRD: 2635960, Westport, Connecticut], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Garcia has worked for Kovack Securities Inc. and Kovack Advisors Inc. since October 19, 2012. See below to learn more about Garcia’s disclosures. Kovack Investor Accused Garcia Of […]
Investors might have sustained losses due to securities broker David Victor Janny [CRD: 1272727, Easton, Connecticut], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Janny has worked for Ameriprise Financial Services LLC since July 15, 2022, and previously worked for Morgan Stanley from November 21, 2012, to August 3, 2022. Investors […]
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