Jesse Kovacs, previously with O.N. Equity Sales Company, Suspended 3 Months by FINRA
Have you lost money with financial advisor Jesse Kovacs? We are looking into allegations made about Jesse T. Kovacs from Forked River, New Jersey. FINRA (the Financial Industry Regulatory Authority) suspended Kovacs from the securities industry for 3 months. FINRA was investigating Kovacs after he allegedly arranged a transaction between two customers, where a customer loaned $150,000 to a company owned by another customer.
Jesse Kovacs was a financial advisor and registered representative of O.N. Equity Sales Company (or ONESCO) from February 2016 to May 2019. He was also affiliated with PTS Brokerage and Hornor, Townsend & Kent. He worked in a branch office in Forked River, New Jersey. Kovacs was also terminated by O.N. Equity Sales Company, and he’s been the subject of three customer complaints.
Brokerage firms like O.N. Equity Sales Company (ONESCO) have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against O.N. Equity Sales Company.