DID KARL KLINGMANN II CAUSE YOU INVESTMENT LOSSES?
About Karl Klingmann II of Kovack Securities Inc.?
Karl Klingmann II (CRD #4268378) , located in Parkesburg, Pennsylvania, is currently registered with Kovack Advisors, Inc. and Kovack Securities Inc., both based since October 2014. His career spans several firms, starting at MML Investors Services, Inc. in October 2000, moving through Pan-American Financial Advisers, and later Resource Horizons Group LLC, where he stayed until 2014. Klingmann is licensed in 15 U.S. states and territories and has successfully passed three general industry/product exams along with two multi-state securities law exams. This diverse registration and exam passage showcase his broad qualifications within the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Karl Klingmann II Customer Complaints and Reviews
Klingmann has been involved in one reported customer dispute:
- Customer Dispute (Pending): Initiated on April 11, 2024, the dispute involves allegations regarding investments in conservation easements that purportedly resulted in unexpected tax liabilities for the client. The matter is currently under FINRA arbitration (Case #24-00786) and remains unresolved.
Allegations Against Karl Klingmann II
The specific allegations against Karl Klingmann II include::
- Misrepresentation of Tax Implications: The claimant alleges that investments in conservation easements, advised by Klingmann, did not carry the tax benefits he purported and instead led to significant tax liabilities. The dispute is pending arbitration, highlighting the complexities of investment outcomes versus the advisement provided.
Karl Klingmann II Red Flags & Your Rights As An Investor
Of course, Karl Klingmann II 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 Karl Klingmann II at Kovack Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Karl Klingmann II has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Kovack Securities Inc. also raises questions about the brokerage firms’ 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 Kovack Securities Inc. Due To Karl Klingmann II
If you have questions about Kovack Securities Inc. and/or Karl Klingmann II 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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