Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Edward Kotak (Kotak), currently associated with Equity Services, Inc., has at least 2 disclosable events. These events include 2 tax liens, alleging that Kotak recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on November 21, 2024.
NYDFS alleged that Mr. Kotak demonstrated untrustworthiness and/or incompetence within the meaning of Section 2110(a)(4) of the Insurance Law in that Mr. Kotak’s relicensing application to act as an agent pursuant to Section 2103(a) of the Insurance Law, certified and submitted to the Department on or about August 4, 2022, contained false and/or inaccurate information in connection with Mr. Kotak having completed fifteen hours of Continuing Education, when in fact Mr. Kotak had not taken the required courses, in violation of Section 2132(g) of Insurance Law
