Options for Clients of Former SunTrust Investment Services, Inc. Broker Sandra McKoy
Posted on Monday, January 3rd, 2022 at 10:19 pm
Were you the victim of former SunTrust Investment Services, Inc. broker Sandra McKoy (CRD# 2954755)? Sandra McKoy has been registered with Kovack Securities Inc. in Tamarac, Florida since 2019. Previously, Sandra McKoy was registered with Citigroup Global Markets Inc. in Coral Springs, Florida from 2017 to 2019. Prior to that, Sandra McKoy was registered with Suntrust Advisory Services, Inc. in Tamarac, Florida from 2016 to 2017 and with SunTrust Investment Services, Inc. in Lauderdale Lakes, Florida from 2005 to 2016.
Sandra McKoy Accused of Unsuitable Investment Recommendations
Sandra McKoy has been the subject of three customer complaints between 2015 and 2020, two of which were denied, according to his CRD report:
April 2016. “Sandra McKoy made unsuitable recommendations which resulted in unnecessary and unsuitable transactions.” The customer sought $150,000 in damages and the case was settled for $50,000. The complaint was regarding variable annuities and mutual funds and took place while Sandra McKoy was registered with SunTrust Investment 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, SunTrust Investment Services, Inc. may be liable for investment or other losses suffered by Sandra McKoy 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.