Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that broker Doron Kochavi (Kochavi), currently employed by Western International Securities, Inc. (Western International) has been subject to at least six customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Western International’s customer complaints allege that Mr. Kochavi recommended unsuitable investments in various investments, among other allegations of misconduct relating to the handling of their accounts.
In October 2019, a customer complained that Mr. Kochavi violated the securities laws by alleging that Mr. Kochavi breached his fiduciary duty. The claim alleges $4,000,000.00 in damages and is currently pending.
In August 2002, a customer complained that Mr. Kochavi violated the securities laws by alleging that Mr. Kochavi engaged in the recommendation of unsuitable investments, breach of fiduciary duty, and a failure to disclose material information regarding the investments. Damages were granted in the amount of $35,000.
In addition, older claims also involved allegations of similar misconduct. Claims from 1997 and 1999 involved allegations that Mr. Kochavi engaged in the recommendation of unsuitable investments.