Sandra Benain McKoy, of Tamarac, Florida, a stockbroker formerly registered with SunTrust Investment Services Inc., is the subject of a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages resulting from the purchase of Guaranteed Investment Certificates (GICs) while McKoy was associated with SunTrust Investment Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00053 (January 11, 2022).
FINRA Public Disclosure shows that McKoy has been identified in three more customer initiated investment related disputes regarding accusations of her wrongdoing while she was employed by SunTrust Investment Services. On June 9, 2015, a customer filed an investment related complaint regarding McKoy’s conduct in which the customer sought $60,000.00 in damages based upon allegations of high fees and poor account performance relating to a variable annuity.
McKoy is also identified in a customer initiated investment related arbitration claim which was resolved for $50,000.00 in damages founded on accusations of McKoy’s unsuitable recommendations concerning mutual funds and variable annuities when she was employed by SunTrust Investment Services. FINRA Arbitration No. 16-00887 (March 8, 2017).
On January 31, 2020, another customer filed an investment related complaint involving McKoy’s activities where the customer requested $20,622.00 in damages supported by allegations of them being misled by McKoy concerning risks and surrender charges pertaining to variable annuities purchased when McKoy was with SunTrust Investment Services.
McKoy’s registrations with SunTrust Investment Services and SunTrust Advisory Services Inc. were terminated on May 17, 2017. Between May 17, 2017, and September 25, 2019, McKoy was registered with Citigroup Global Markets Inc. as a stockbroker and investment adviser representative. She has been associated with Kovack Securities Inc. as a stockbroker since September 20, 2019, and associated with Kovack Advisors Inc. as an investment adviser representative since October 4, 2019.