Constantine G. Nicholson is currently employed as a Broker and/or Investment Adviser at KOVACK SECURITIES INC. located at 6451 N. FEDERAL HWY., SUITE 1201, FT. LAUDERDALE, FL, 33308.
Constantine G. Nicholson has worked at KOVACK SECURITIES INC. since June 06, 2017
Constantine G. Nicholson has 8 Disclosure Event(s).
Date: July 12, 2012 Category: Customer Dispute Allegations: CLIENT CLAIMS THEY WERE UNAWARE THAT THEY WERE ENTERING IN TO A NEW VARIABLE ANNUITY CONTRACT IN MAY OF 2011, AND IS REQUESTING A RETURN OF THEIR PRINCIPLE VALUE WITH NO SURRENDER CHARGES. Damage Amount Requested: $5,000.00
Date: June 16, 2012 Category: Customer Dispute Allegations: CUSTOMER ALLEGED THAT REPRESENTATIVE UTILIZED AN OPTIONS STRATEGY THAT WAS UNSUITABLE. Damage Amount Requested: $5,000.00 Settlement Amount: $185,000.00 Broker Comment: I WOULD DIRECT ATTENTION TO ITEM #11, SETTLEMENT/AWARD/MONETARY JUDGMENT IN THE AMOUNT OF $185,000.00 WHICH REFLECTS THAT I WAS NOT ASKED TO CONTRIBUTE OR INVOLVED IN THE SETTLEING OF THE COMPLAINT PROCESS AT ALL, WAS NOT CONTACTED BY MOORS & CABOT OR THEIR LEGAL REPRESENTATIVE AND, THEREFORE, WAS UNAWARE OF THE DETAILS & EXTENT OF THIS COMPLAINT. I DISPUTE THE ALLEGATIONS MADE BY CLIENT AS UNSUITABLE OPTIONS STRATEGY EMPLOYED. THE STRATEGY EMPLOYED WAS COVERED CALL WRITING AND NOTHING ELSE. IF STOCKS WERE EXERCISED OR CALLED AWAY FROM CLIENT AND SUBSEQUENT TO WRITING OF THE CALLS, THE STOCKS WENT UP, IT WAS FULLY EXPLAINED TO THE CLIENT AND UNDERSTOOD BY THE CLIENT AT THE VERY BEGINNING AND UNDERSTOOD BY THE CLIENT.THIS WAS A SHARED ACCOUNT WITH REGINALD BERTHIUME AND MANY OF THE INVESTMENTS MADE BY MR. BERTHIUME, PRIOR TO INTRODUCING ME INTO THE SHARED PROCESS INCLUDED LIMITED PARTNERSHIPS, KBS AND PASCO, IN WHICH INVESTMENTS THE CLIENT LOST A CONSIDERABLE AMOUNT OF MONIES. I WAS NOT PART OF THOSE RECOMMENDATIONS, DID NOT SHARE IN ANY COMPENSATION AS THEY OCCURRED SEVERAL YEARS BEFORE MY INVOLVEMENT.THE OPTION STRATEGY INVOLVEED COVERED CALL WRITING THAT TO THE BEST OF MY RECOLLECTION THE CLIENT NEVER SUSTAINED A LOSS OF MONEY ONLY TO WHICH THAT AFTER A FEW STOCKS MAY HAVE BEEN EXERCISED, STOCKS SUBSEQUENTLY MAY HAVE GONE UP.
Date: October 09, 2009 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABLE RECOMMENDATIONS AND EFFECTED AN EXCESSIVE AMOUNT OF TRANSACTIONS Damage Amount Requested: $13,594.00 Settlement Amount: $12,000.00
Date: April 26, 1999 Category: Customer Dispute Allegations: ALLEGED SUITABILITY, UNAUTHORIZED TRANSACTIONS, BREACH OF CONTRACT. (TOTALLY WITHOUT MERIT PER C.G.N.) Damage Amount Requested: $122,000.00 Settlement Amount: $100,000.00 Broker Comment: PSI SETTLED THIS MATTER FOR BUSINESS REASONS. MR. NICHOLSON WAS NOT ASKED TO CONTRIBUTE TO THE SETTLEMENT. I WAS NOT ASKED TO CONTRIBUTE AND WAS UNAWARE OF INTENDED SETTLEMENT BY PRU. I THOUGHT IT WAS GOING TO ARBITRATION. C.G.N.
Date: March 31, 1998 Category: Regulatory
Date: August 09, 1996 Category: Customer Dispute Allegations: CUSTOMERS ALLEGED BROKER MADE TRADES ON ANUNAUTHORIZED BUT DISCRETIONARY BASIS COVERED CALLS STOCK CALLEDAWAY CLIENT CONSIDERED THIS TO BE UNAUTHORIZED TRADES SEEKING$300,000 Damage Amount Requested: $300,000.00 Settlement Amount: $106,000.00 Broker Comment: PSI SETTLED THIS CASE FOR $106,000.00 I DID NOTCONTRIBUTE TO THE SETTLEMENT AND WAS NOT EVEN TOLD THE AMOUNTOF THE SETTLEMENT OR ASKED TO CONTRIBUTENOT PROVIDED
Date: June 03, 1996 Category: Employment Separation After Allegations Firm Name: PRUDENTIAL SECURITIES INCORPORATED Termination Type: Permitted to Resign Allegations: N/APRUDENTIAL ALLEGES CLIENT VERBALLY ALLEGEDUNSPECIFIED DAMAGES AS A RESULT OF INAPPROPRIATE OPTION TRADINGIN AMERICA ONLINE. THIS WAS OVER A PERIOD OF 15 MONTHS ORMORE. I ALSO HAVE A SIGNED AFFIDAVIT FROM CLIENT STATING NOSUCH ALLEGATIONS EVER SAID. Broker Comment: EMPLOYMENT TERMINATEDPRUDENTIAL REACHED A SETTLEMENT FOR 100,000. IDID NOT CONTRIBUTE (SEE ATTACHMENT)
Date: March 04, 1991 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION, EXCESSIVEUNAUTHORIZED TRADING ON MARGIN. ALLEGED DAMAGES AREUNSPECIFIED. Settlement Amount: $85,700.00 Broker Comment: PSI SETTLED THIS MATTER FOR $85,700.00. MR.NICHOLSON DID NOT CONTRIBUTE TO THE SETTLEMENT.THIS SETTLEMENT WAS DONE AT THE HEIGHT OF THELIMITED PARTNERSHIP PROBLEMS. I WAS OPPOSED TO SETTLEMENT ANDWOULD HAVE PREFERRED TO GO THE ARBITRATION BUT THE FIRM ELECTEDTO SETTLE.
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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
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