Erez Law is currently investigating Kovack Securities Inc. broker Karl Klingmann II (CRD# 4268378) who is accused of conservation easement losses. He has been registered with Kovack Securities Inc. in Parkesburg, Pennsylvania, since 2014, and with Kovack Advisors, Inc. in Parkesburg, Pennsylvania, since 2015. He was registered with Resource Horizons Group LLC in West Chester, Pennsylvania, from 2005 to 2014.
Karl Klingmann II Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
April 2024. “Claimant alleges that their investments in conservation easements resulted in tax liabilities.” The case is currently pending. The complaint took place while he was registered with Kovack Securities Inc. and Resource Horizons Group LLC.
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, Kovack Securities Inc. may be liable for investment or other losses suffered by Karl Klingmann II’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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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