Thomas Wayne Chandler of Fort Lauderdale Florida a stockbroker formerly registered with Kovack Securities Inc. has been terminated from employment on April 3, 2020 founded on allegations that Chandler neglected to abide by procedures and policies of the securities broker dealer in reference to customer accounts. Chandler was associated with Kovack Securities between March 25, 2019 and April 3, 2020.
This is not Chandler’s first time being terminated based upon allegations of violative conduct. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chandler was associated with LPL Financial between June 11, 2014 and February 15, 2018. He was terminated by that securities broker dealer on January 16, 2018 supported by allegations that he executed unauthorized transactions in a customer’s account.
FINRA Public Disclosure reveals that Chandler has been identified in four customer initiated investment related disputes concerning allegations of his misconduct while associated with Merrill Lynch. Chandler has been referenced in a customer initiated investment related written complaint where the customer sought unspecified damages founded on allegations that misrepresentations had been made to the customer by Chandler in regard to the loan provisions on a life insurance policy.
Another customer filed an investment related complaint involving Chandler’s activities where the customer requested $10,705.00 in damages based upon allegations that unauthorized stock trades were effected in the customer’s account when Chandler was associated with Merrill Lynch. Chandler is also the subject of a customer initiated investment related written complaint in which the customer sought $192,400.00 in damages supported by allegations that mutual fund transactions executed in the Merrill Lynch customer’s account were in no way suitable for the customer.
