Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 14, 2017 indicate that Puerto Rico-based Kovack Securities broker Carlos Seda has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Seda (CRD# 4228841).
Carlos Seda has spent fourteen years in the securities industry and has been registered with Kovack Securities in Guaynabo, Puerto Rico since 2014. Previous registrations include Oriental Financial Services in San Juan, Puerto Rico; OFS Securities in Hato Rey, Puerto Rico; and Santander Securities in Guaynabo, Puerto Rico. He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 7 (General Securities Representative Examination). He is a registered broker in Puerto Rico.
According to his BrokerCheck report, he has received one customer complaint and three pending customer complaints.
In January 2017 a customer alleged Carlos Seda, while employed at Oriental Financial Services, recommended high risk and unsuitable investments in Puerto Rico closed-end funds. The customer is seeking $432,940 in damages in the pending complaint.
In 2016 a customer alleged Carlos Seda, while employed at Oriental Financial Services, made unsuitable investment recommendations that resulted in losses. The customer is seeking $300,000 in damages in the pending complaint.
In 2015 a customer alleged Carlos Seda, while employed at Oriental Financial Services, made unsuitable recommendations. The customer is seeking $1,000,000 in damages in the pending complaint.
In 2014 a customer alleged he, while employed at Santander Securities, committed fraud, breached his fiduciary duty, breached contract, acted negligently, misrepresented and omitted material facts, made unsuitable recommendations, failed to supervise, and over-concentrated the account in Puerto Rico closed-end funds. The complaint settled in 2016 for $35,000.
If you have complaints regarding Carlos Seda, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.