Keith Landon Kelt (also known as Landon Keith Kelt) of Santa Barbara California a stockbroker employed by Kovack Securities Inc. and TKG Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $12,000.00 on April 7, 2020 founded on allegations that the customer’s account had been improperly managed at TKG Financial and Kovack Securities Inc. which led to losses in certain common and preferred stocks.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kelt has been identified in two additional customer initiated investment related disputes concerning accusations of his misconduct while he was employed by TKG Financial LLC and Kovack Securities Inc. On February 27, 2018, a customer initiated investment related complaint concerning Kelt’s conduct was resolved for $17,040.58 in damages based upon allegations of an inappropriate investment in Hospitality Investors Trust REIT and other equities sold by the stockbroker.
On October 17, 2018, another customer filed an investment related arbitration claim involving Kelt’s conduct in which the customer sought damages estimated to exceed $5,000.00 supported by accusations of unsuitable real estate security and equity products being traded in the customer’s account from 2008 and 2016. FINRA Arbitration No. 18-03582. The claim also alleges that TKG Financial failed to supervise the customer’s investment account which led the customer to experience losses.
On May 20, 2017, Kelt’s registration as a stockbroker and investment adviser representative of TKG Financial was terminated. Since May 19, 2017, Kelt has been a stockbroker of Kovack Securities and an investment adviser representative of Kovack Advisors.
