The agency charged the firm with failing to monitor whether wrap-fee accounts were in the best interests of clients who did little trading. By Mark Schoeff Jr. Set it and forget it isn't a good ...

Registered investment advisor Kovack Advisors has been ordered to pay $899,513 by the SEC for failing to review the suitability of wrap account programs for its clients. The monetary penalty and other ...

Finra sanctioned Kovack Securities and ordered it to pay $210,000 for alleged supervisory failures stemming from a review of unsuitable mutual-fund trades by a former employee of the brokerage firm.

Kovack Advisors, a registered investment advisor, to pay $900,000 for allegedly failing to disclose to clients fees associated with its wrap fee programs and to review whether those programs remained ...