Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 9, 2019 indicate that California-based Kovack Securities broker/adviser Keith Kelt has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kelt (CRD# 267357).
Keith Kelt has spent 51 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 (2005-2017); First Wall Street Corporation in La Jolla, California (2001-2005); Salomon Smith Barney in New York, New York (1993-2001); Lehman Brothers in New York, New York (1983-1993); and Quinn & Company (1967-1983). He has passed seven securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 6, 1984; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; PC (AMEX Put and Call Exam), which he obtained on August 31, 1977; Series 000 (General Securities Principal Examination), which he obtained on April 19, 1976; Series 1 (Registered Representative Examination), which he obtained on April 19, 1967; Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on February 24, 1984; and Series 24 (General Securities Principal Examination), which he obtained on November 11, 1981. He is a registered broker and investment adviser with 29 US states and territories.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In October 2018 a party of customers alleged Keith Kelt, while employed at TKG Financial, recommended unsuitable investments and failed to supervise the sale of securities in the accounts between 2008 and 2016. The customers are seeking unspecified damages in the pending complaint.
In September 2017 a customer alleged Keith Kelt, while employed at TKG Financial and Kovack Securities, recommended unsuitable investments including a Hospitality Investors Trust real estate investment trust. The complaint settled in February 2018 for more than $17,000.
If you or someone you know has a complaint regarding Keith Kelt, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect 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.