Kevin Klickna Investigation
June 2023-Rochester, IL
According to publicly available records Kevin Klickna a currently unregistered broker most recently employed with Equitable Advisors discloses a final regulatory matter and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 1/2023, without admitting or denying the findings, Klickna consented to the sanctions and to the entry of findings that he forged a customer’s electronic signature on an annuity account application without the customer’s consent and affixed the customer’s signature on a rollover form. The findings stated that the customer eventually noticed the forgery on the rollover form and complained to Klickna’s member firm. As a result of the documents being firm records, Klickna caused the firm to maintain inaccurate books and records. Sanctions imposed by FINRA were a three month suspension (1/17/23-4/16/23) from FINRA in all capacities and a $5,000 fine .
The firm settled the matter by retroactively reversing the rollover transaction, making the client whole.
In 4/2021, Klickna was discharged from employment with Equitable Advisors due to repeated document integrity issues involving client signatures and an allegation of establishing an online client account without authorization.
Klickna was with Equitable Advisors from 1/2013-4/2021.
If you have suffered losses in an account handled by Kevin Klickna contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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