DID AUSTIN ARATA CAUSE YOU INVESTMENT LOSSES?
About Austin Arata of Kinecta Financial & Insurance Services and LPL Financial LLC?
Austin Arata (CRD #6448739) has been employed since 2015 with Kinecta Financial & Insurance Services and LPL Financial LLC as a registered broker in California. He is licensed in 32 U.S. states and territories and has passed two general industry exams and one multi-state securities law exam. Austin has no principal or supervisory exam qualifications.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Austin Arata Customer Complaints and Reviews
- Customer Disputes: 1 pending disclosure
- Date Served: March 11, 2024
- Complaint: Unauthorized transactions in a customer’s account in May 2023, involving variable annuities. The alleged damages amount to $340,000.
- Status: Pending arbitration with FINRA (Case #: 24-00528).
Allegations Against Austin Arata
The pending customer dispute involves allegations of unauthorized transactions related to variable annuities. The customer claims the broker made these transactions without permission, resulting in significant damage. The broker disputes the claim, maintaining that all recommendations and strategies were appropriate and disclosed to the customer, emphasizing that the arbitration is still ongoing.
Allegations Against David Boral
The pending customer dispute alleges that David Boral endorsed representations made by an EF Hutton representative about the certainty of an IPO for Veg House, which did not take place by the expected date. The claimant is seeking the return of their $1,000,000 investment. David Boral has denied endorsing the deal and clarified that arrangements were made in the securities purchase agreement to repurchase the shares if the IPO did not occur by May 2024. The case remains unresolved, with arbitration ongoing.
Austin Arata Red Flags & Your Rights As An Investor
Of course, Austin Arata did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Austin Arata at Kinecta Financial & Insurance Services or LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Austin Arata has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kinecta Financial & Insurance Servicesor LPL Financial LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Kinecta Financial & Insurance Services Due To Austin Arata
If you have questions about Kinecta Financial & Insurance Services, LPL Financial LLC and/or Austin Arata and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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