There are options for clients of former Summit Brokerage Services, Inc. broker Kirk Knollman (CRD# 2089445) who suffered investment losses. Knollman was registered with Cetera Advisor Networks LLC in Loveland, Ohio from 2019 to 2021, when he was terminated regarding, “violation of firm policy related to exercise of discretion over customer brokerage accounts.” Previously, Knollman was registered with Summit Brokerage Services, Inc. in Loveland, Ohio from 2012 to 2019.
Knollman has been the subject of two customer complaints between 2012 and 2019, according to his CRD report. The most recent complaint is regarding:
November 2019. “Former client alleges unsuitable recommendations and unauthorized trading.” The customer sought $100,000 in damages and the case was settled for $210,000. The complaint was regarding common and preferred stocks and took place while Knollman was registered with Summit Brokerage Services, Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Summit Brokerage Services, Inc. may be liable for investment or other losses suffered by Knollman’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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