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
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.
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for STEVEN DEAN AUSTIN, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More