Honetta C. Kao, of Brooklyn, New York, a stockbroker formerly registered with Meyers Associates, L.P., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Kao failed to respond to FINRA’s request for Kao’s information. Case No. 2014039091901 (Nov. 9, 2015). Prior to Kao’s permanent bar, FINRA conducted an investigation into allegations that Kao committed violations of FINRA Rules 2010, 2111, 2020, as well as Securities Exchange Act of 1934 Section 10(b).
FINRA Public Disclosure reveals that Kao has been named in two customer initiated investment related disputes containing allegations of Kao’s misconduct while employed with Buckman Buckman and Reid and Caldwell International Securities Corporation. Specifically, on May 2, 2013, a customer filed an investment related written complaint involving Kao’s conduct, in which the customer requested $90,000.00 in damages based upon allegations that Kao effected unauthorized and unsuitable over-the-counter equity transactions in the customer’s account.
On April 8, 2015, a customer filed an investment related written complaint regarding Kao’s activities based upon allegations that Kao mismanaged the customer’s investment account through making faulty investment recommendations to the customer concerning equity investments which ultimately caused the customer to suffer investment losses.
Since March 23, 2010, Kao has been associated with six different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or is otherwise defunct. #cockroach
Guiliano Law Group
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