Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Frank Enrique Lumpuy [CRD: 2108307, Miami, Florida]. Lumpuy has worked in the securities industry for over 32 years and was most recently registered with Kovack Securities Inc. from June 2006 to February 2024.
Recent disclosures reveal concerns about Lumpuy’s professional conduct, including client disputes, regulatory actions, and employment terminations.
On January 8, 2024, a client of Kovack Securities Inc. filed a complaint alleging that Lumpuy borrowed money and that she suffered financial losses in her accounts. The firm settled the dispute for $120,000, though Lumpuy denied all allegations.
Previously, on July 18, 2002, a client at AXA Advisors LLC accused Lumpuy of misrepresenting his consolidated account statements, leading the client to believe he had more funds than he did. The firm settled the dispute by paying the client $213,027.41 to cover the discrepancies.
On February 23, 2024, Kovack Securities Inc. terminated Lumpuy’s registration pending the outcome of a review concerning allegations that he accepted a loan from a client. Lumpuy denied the allegations.
Looking for more information about Frank Lumpuy? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Soreide Law Group helps investors across the United States with recovering losses from sales practice misconduct. The firm works on a contingency basis and advances all costs. Lumpuy and the firms he worked for deny accusations of sales practice violations.
Investors potentially experienced sales practice violations by securities broker Theodore William Byrer (also known as Ted Byrer) [CRD: 2980696, Westfield, Indiana], and FINRA sanctioned him, according to information disclosed through FINRA BrokerCheck. Byrer worked for Morgan Stanley from November 11, 2013, to April 20, 2023, and International Assets Advisory LLC, from May 9, 2023, to […]
Financial Industry Regulatory Authority (FINRA) sanctioned securities broker David Spencer Cooper [CRD: 5357930, New York, New York], given the public information found on BrokerCheck. Cooper worked for Joseph Gunnar Co. LLC from June 12, 2009, to June 24, 2024, and from September 24, 2024, to February 24, 2025. See below to discover more about Cooper’s […]
Securities and Exchange Commission (SEC) took action against securities broker Clarice Crystal Saw (also known as Clarice Chin Saw) [CRD: 2633118, Wilmington, Delaware], based on public information through FINRA. BrokerCheck identifies Wilmington, Delaware, as the location of Coastal Equities Inc., where Saw worked from November 21, 2022, to August 1, 2023; she also worked for […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com