Maile Sue Foster of Colorado Springs Colorado a stockbroker currently employed by Kovack Securities Inc. is the subject of a customer initiated investment related written complaint on December 31, 2017 where the customer sought $15,471.00 in damages based upon allegations that (1) the customer was charged unwarranted fees or commissions to invest and (2) Foster failed to inform the customer about the tax liability pertaining to investment transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that on October 14, 2009, a customer initiated investment related complaint concerning Foster’s conduct was resolved for $41,068.00 in damages founded on accusations that when Foster was associated with Securian Financial Services, he failed to advise the customer about the variable annuity guarantees having been detrimentally affected because of withdrawals effected from the customer’s account.
Moreover, FINRA Public Disclosure reveals that Foster was terminated by his prior employer, Securian Financial Services, during an internal investigation into Foster’s submission of variable annuity documentation containing an unauthentic customer signature.
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