Susan Penney, Broker for Kovack Securities, Named in Customer Dispute Alleging Unsuitable Investment Recommendations

The customers are seeking $500k in damages based on the alleged unsuitable investments in non-public REITs.

The Sonn Law Group is investigating allegations that Susan Penney made unsuitable investment recommendations.  If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

susan-penney-named-in-customer-disputeSusan Penney (CRD#: 1238195) is currently a broker with Kovack Securities, where she has been employed since 2012. Previously, she was employed with LPL Financial from 2011 to 2012, and with Wells Fargo from 2003 until 2010.

A retiree in Oklahoma named Penney in a customer dispute, seeking $500,000 in damages for investment losses she sustained while working with Penney. The dispute alleges that Penney and her broker-dealer misled the investor and recommended unsuitable investments when they convinced her to invest a large portion of her portfolio in non-public REITs and other risky investments. She claimed that Kovack Securities failed to properly supervise Penney, among other misconduct allegations.

Penney has two other disclosures on her BrokerCheck report.

October 2012 Regulatory Judgment

December 2010 Employment Separation After Allegations

Contact Us Today

The Sonn Law Group is currently investigating allegations that Susan Penney recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.