Frank Enrique Lumpuy, of Miami, Florida, a stockbroker registered with Kovack Securities Inc., has been discharged by the securities broker dealer on February 23, 2024, based upon his alleged involvement in a customer loan.
This is not the first time that Lumpuy has been discharged for conduct in the securities industry. On June 9, 2006, Newbridge Securities discharged Lumpuy based upon the alleged reimbursement to a customer to cover losses the customer suffered in an investment.
FINRA Public Disclosure also shows that on December 2, 2002, a customer initiated investment related complaint involving Lumpuy’s conduct was settled for $213,027.41 in damages based upon alleged misrepresentations of material fact in connection with the sale of mutual funds when Lumpuy was associated with AXA Advisors LLC.
Lumpuy is also referenced in a customer initiated investment related complaint filed on January 8, 2024, in which the customer requested damages resulting from account losses when Lumpuy was associated with Kovack Securities Inc.
Lumpuy was associated with Kovack Securities Inc. in Miami, Florida, from June 28, 2006, to February 23, 2024.
