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Andrew Day Has a Pending Complaint for Allegedly Breaching His Fiduciary Duty

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 Andrew DayPublic records provided by the Financial Industry Regulatory Authority (FINRA) on November 9, 2017 indicate that California-based Kovack Securities broker/adviser Andrew Day has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Day (CRD# 2486571).

Andrew Day has spent 22 years in the securities industry and has been registered with Kovack Securities in Santa Barbara, California since May 2017. Previous registrations include TKG Financial in Santa Barbara, California (2009-2017) and Citigroup Global Markets in Santa Barbara, California (1995-2009). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 17, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 26, 1994; and Series 7 (General Securities Representative Examination), which he obtained on November 22, 1994. He is a registered broker and investment adviser with ten US states and territories: Arizona, Arkansas, California, Connecticut, Florida, Hawaii, Illinois, Texas, Washington and Wisconsin.

According to his BrokerCheck report, he has received two customer complaints, one pending customer complaint, and two denied customer complaints.

In September 2017 a customer alleged Andrew Day, while employed at TKG Financial and Kovack Securities, recommended unsuitable investments. The customer sought $300,000 in damages in the complaint, which was denied.

In August 2017 a customer alleged Andrew Day, while employed at TKG Financial, recommended unsuitable investments, committed fraud, and breached his fiduciary duty. The customer is seeking damages between $100,000 and $499,999 in the pending complaint.

In 2014 a customer alleged Andrew Day, while employed at the Kelt Group, recommended unsuitable investments. The complaint settled in 2015 for $50,000.

In 2007 a customer alleged Andrew Day, while employed at the Citigroup Global Markets, misrepresented material facts related to an investment in closed-end funds. The complaint settled for $12,000.

In 2002 a customer alleged he, while employed at the Salomon Smith Barney, failed to follow instructions with respect to the placement of a stop order. The customer sought unspecified damages in the complaint, which was denied.

In 2001 a customer alleged he, while employed at the Salomon Smith Barney, neglected to tell her that the company whose stock she purchased was on the verge of bankruptcy. The customer sought $8,501 in damages in the complaint, which was denied.

If you or someone you know has complaints regarding Andrew Day, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.