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.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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