Silver Law Group Wins Securities Arbitration Award Against Former Naples, Florida-based Kovack Securities Broker Curtis D. Milakovich

Silver Law Group attorneys have won an award against Curtis D. Milakovich, formerly of Kovack Securities Inc. on behalf of our clients through FINRA arbitration.

FINRA Awards Our Clients Damages Due to Curtis D. Milakovich’s Misconduct

On December 22, 2017, the Financial Industry Regulatory Authority (“FINRA”) awarded our clients $164,000 due to Milakovich’s misconduct, including unsuitable recommendations, unauthorized trading, negligence, breach of fiduciary duty, and churning.

Our clients held accounts with Milakovich while he was employed with Kovack Securities. In November 2013, Milakovich voluntarily resigned from Kovack Securities due to a verbal inquiry by a customer concerning the nature and volume of the trading activity in her account as well as commission.

Milakovich proceeded to open accounts for our clients at a third-party broker platform. He did not disclose the terms of his departure from Kovack Securities and only stated to our clients that this was a business move that would improve the quality of his services to our clients.

Milakovich proceeded to exercise control over our clients’ accounts without their consent. He then invested our clients in numerous risky securities and excessively traded the account to increase his own commissions.

In June 2017, the Florida Office of Financial Regulation barred Milakovich from selling securities in the State of Florida, alleging he made fraudulent transactions, among other allegations.  Milakovich operated out of Naples, Florida.

Contact Our Firm if You’ve Lost Money Investing With Your Broker or Brokerage Firm

If you’ve lost money investing with a broker and brokerage firm, we may be able to help you recover your losses through FINRA arbitration.

Contact our firm today to discuss your legal rights. We work on a contingency fee basis, meaning we only get paid if we recover money for you.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.