Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Doron Kochavi [CRD: 1011155, Pasadena, California], given the disclosures on FINRA BrokerCheck. Evidently, Kochavi worked for Western International Securities Inc. from October 19, 2015, to January 4, 2024. Keep reading to learn more about Kochavi’s disclosures.
Specifically, on January 16, 2024, FINRA issued Case: 2021071099403 sanctioning Doron Kochavi.
Notably, between January 2017 and April 2019, FINRA claimed that Kochavi incorrectly marked 1,586 transactions in a client's account as unsolicited, where these were really solicited by him. This mischaracterization resulted in Western International Securities Inc., maintaining inaccurate records, violating both Section 17(a) of the Securities Exchange Act of 1934 and Exchange Act Rule 17a-3. Consequently, Kochavi violated FINRA Rules 4511 and 2010, which require the accurate maintenance and preservation of books and records.
In response to these violations, Kochavi consented to a two-month suspension from associating with any FINRA member in any capacity and agreed to pay a fine of $10,000 without admitting or denying the findings. This settlement was formalized through a Letter of Acceptance, Waiver, and Consent (AWC).
Particularly, a client of Western International Securities Inc. contested Doron Kochavi’s sales practices, according to a complaint. Allegedly, Kochavi breached his fiduciary duty. It appears that Kochavi caused the client to sustain damages on stocks. Consequently, Western International Securities Inc. opted to settle the matter on February 8, 2021, by compensating the client in the amount of $2,800,000.
Also, on April 5, 2007, a Bear Stearns client filed a complaint about Doron Kochavi. Supposedly, Kochavi made unsuitable transactions in several accounts, which subsequently declined in value since their opening in 1999. Because of this, the client allegedly sustained damages on stocks and mutual funds. As a result, the client requested compensation from the firm or Kochavi. The matter was closed on January 10, 2009.
Additionally, a client filed FINRA Arbitration: 03-02292 about Doron Kochavi. Notably, the claim alleged unsuitable recommendations, breach of fiduciary duty, churning, unauthorized trading, and failure to disclose material information. For this reason, on September 24, 2004, a FINRA Arbitration Panel issued an Award ordering Kochavi to pay the client $35,000 in damages, plus interest.
Did you experience losses because of Doron Kochavi? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has assisted hundreds of clients throughout the country, works on a contingency fee basis, and advances all costs. Kochavi and brokerage firms he worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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