Were you the victim of Hennion & Walsh, Inc. financial advisor Stephen Kowalski (CRD# 1919574) regarding unsuitable investments in municipal bonds or Puerto Rico bonds? Kowalski has been registered with Hennion & Walsh, Inc. in Parsippany, New Jersey since 1990.
Kowalski has been the subject of two customer complaints between 2009 and 2017, according to his CRD report:
- November 2017. “From approximately 2012 through 2017 claimants allege some purchases are unsuitable.” The customer is seeking $670,000 in damages and the case is currently pending.
- June 2009. “Client contends that investments in his account were not suitable and that certain trades were commission driven.” The customer sought $293,298 in damages and the case was settled for $99,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Hennion & Walsh, Inc. may be liable for investment or other losses suffered by Kowalski’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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