STEVEN DEAN AUSTIN

STEVEN DEAN AUSTIN is currently employed as a Broker and/or Investment Adviser at KOVACK SECURITIES INC. located at 409 Pelican Key, Melbourne Beach, FL, 32951.

STEVEN DEAN AUSTIN has worked at KOVACK SECURITIES INC. since May 31, 2011

Disclosure History

STEVEN DEAN AUSTIN has 7 Disclosure Event(s).

Date: February 17, 2015
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION WITH RESPECT TO A VARIABLE ANNUITY - MAY 2005.
Settlement Amount: $4,000.00
Broker Comment: [CUSTOMER] IS A FORMER CLIENT. HE HAS HELD THIS ANNUITY FOR OVER 10 YEARS, AND THE LAST TIME I SPOKE WITH HIM, ABOUT 5 YEARS AGO, HE WAS PLEASED WITH THE ANNUITY'S PERFORMANCE, ESPECIALLY DURING THE MARKET CORRECTION. I HAVE NOT BEEN WITH MSSB FOR OVER THREE YEARS, AND LEFT MY FILES WITH THEM, SO AM UNABLE TO REVIEW FILE. I AM CERTAIN, HOWEVER, THAT ALL FEATURES OF THE ANNUITY WERE CLEARLY PRESENTED, AND THAT THE ANNUITY WAS SUITABLE FOR THE CLIENT.

Date: May 16, 2011
Category: Employment Separation After Allegations
Firm Name: MORGAN STANLEY SMITH BARNEY
Termination Type: Discharged
Allegations: ALLEGATIONS THAT INCORRECT INFORMATION WAS PROVIDED IN CONNECTION WITH VARIABLE ANNUITY PURCHASE.

Date: January 22, 2009
Category: Customer Dispute
Allegations: CLIENT ALLEGES FINANCIAL ADVISOR SOLD A UNIT INVESTMENT TRUST WITHOUT HER AUTHORIZATION ON OR AROUND JANUARY 5, 2009.
Damage Amount Requested: $11,473.33

Date: November 21, 2008
Category: Customer Dispute
Allegations: BENEFICIARY OF ESTATE, LISA REILE, ALLEGES THAT FA TRADED EXCESSIVELY IN HER MOTHER'S ACCOUNT. NO DATES PROVIDED.
Damage Amount Requested: $498,000.00

Date: April 10, 2006
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES THAT FINANCIAL ADVISOR MADE MISREPRESENTATIONS ABOUT SELLING HIS STOCKS AND THE RESULTING CAPITAL GAINS TAX THAT SUBSEQUENTLY OCCURRED IN FEBRUARY 2005.
Damage Amount Requested: $10,682.27

Date: September 30, 2003
Category: Customer Dispute
Allegations: CUSTOMER ASSERTS CLAIMS AND ALLEGES FAILURE TO FOLLOW INSTRUCTIONS.
Damage Amount Requested: $5,300.00

Date: May 18, 1988
Category: Customer Dispute
Allegations: PLAINTIFF ALLEGED CHURNING, FORGED DOCUMENTS,FRAUD, BREACH OF FIDUCIARY DUTY, NEGLIGENT SUPERVISION, RICOVIOLATIONS. COMPENSATORY DAMAGES IN EXCESS OF 10,000.00
Settlement Amount: $80,000.00
Broker Comment: SETTLEMENT - 80,000.00. STEVEN AUSTIN DID NOTCONTRIBUTE TO THE SETTLEMENT.THE FIRM DOES NOT VIEW THIS COMPLAINT AS DIRECTEDAT MR. AUSTIN. MR. AUSTIN SIMPLY INHERITED THE ACCOUNT FROM APRIOR BROKER, AND HAD NO SUBSTANTIVE DEALINGS WITH THE ACCOUNTOPTIONS AND COMMODITIES NOT INVOLVED.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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