Andrew Komarow Fired from Two Firms in 2022

Andrew Komarow (CRD #: 5838564), a broker formerly registered with Royal Alliance Associates, was recently fired from a brokerage firm and an investment advisory firm, according to his BrokerCheck record, accessed on January 17, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Termination from LPL Financial

On December 6, 2022, Andrew Komarow was fired from LPL Financial after allegedly processing ACH instructions for his own account despite knowing it had insufficient funds, then improperly used credit to place trades, resulting in a negative account balance.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Termination from Private Advisor Group

On November 18, 2022, Andrew Komarow was fired from Private Advisor Group for allegedly knowingly initiating an electronic fund transfer into his personal account at a third-party custodian on at least one occasion, while knowing that he had insufficient funds to cover the transfer.

He allegedly also used these funds to place trades in his personal account, creating a negative balance in the account when the bank did not complete the transfer due to insufficient funds.

Background Information

Andrew Komarow has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He previously worked for the following firms:

• Royal Alliance Associates (CRD#:23131)
• LPL Financial (CRD#:6413)
• Pruco Securities (CRD#:5685)

Kurta Law Can Help

If you worked with Andrew Komarow and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.