Andrew Scott Corbman, of Lansdowne, Virginia, a stockbroker formerly registered with Kovack Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on April 20, 2017, for $100,000.00 in damages based upon allegations including breach of contract and unsuitability pertaining to the customer’s stock purchases.

Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on March 10, 2017, a customer filed an investment related arbitration claim concerning Corbman’s conduct, in which the customer requested $55,000.00 in damages based upon allegations that Corbman overconcentrated the customer’s investment portfolio in stock, breached his fiduciary and contractual obligations, effected unsuitable over-the-counter equity transactions in the customer’s account, and committed fraud.

Corbman’s registration with Kovack Securities Inc. was terminated on November 13, 2015. From November 12, 2015, to March 24, 2016, he was associated with Newbridge Securities Corporation.

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