Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 15, 2018 indicate that California-based Kovack Securities broker/adviser Barbara Ralston has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Ralston (CRD# 1087950).
Barbara Ralston has spent 31 years in the securities industry and has been registered with Kovack Securities in Santa Barbara, California since 2016. Previous registrations include TKG Financial in Santa Barbara, California (2005-2017); First Wall Street in La Jolla, California (1996-2005); Painewebber in Weehawken, New Jersey (1996); and Prudential Securities in New York, New York (1987-1995). She has passed eight securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which she obtained on December 10, 1999; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on May 22, 1985; SIE (Securities Industry Essentials Examination), which she obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which she obtained on May 5, 1995; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on July 2, 1987; Series 4 (Registered Options Principal Examination), which she obtained on September 14, 1998; Series 24 (General Securities Principal Examination), which she obtained on May 7, 1998; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which she obtained on January 29, 1998. She is registered as a broker and investment adviser in two US states: California and Florida.
According to her BrokerCheck report, she has received seven customer complaints.
In October 2018 a party of customers alleged Barbara Ralston, while employed at TKG Financial, recommended unsuitable investments and failed in her supervisory duties in connection to the sale of real estate securities and equity products in their accounts. The customers are seeking unspecified damages in the pending complaint.
In 2003 a customer alleged Barbara Ralston, while employed at First Wall Street, failed in her supervisory duties. The complaint settled for $285,000.
In 2003 a customer alleged Barbara Ralston, while employed at First Wall Street, failed in her supervisory duties. The complaint, from which she was dismissed, settled for $150,000.
In 2002 a customer alleged she, while employed at First Wall Street, breached her fiduciary duty, breached contract, acted negligently in a manner that inflicted emotional distress, and failed in her supervisory duties. The complaint settled in 2003 for $190,000.
If you or someone you know has a complaint regarding Barbara Ralston, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.