Victim of Financial Fraud? Call Now
Home » Broker Blog » Investor Alleges Kavi Fulena Failed to Follow Instructions

Investor Alleges Kavi Fulena Failed to Follow Instructions

Kavi Fulena (CRD #: 6861339), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of a pending dispute, according to his BrokerCheck record, accessed on August 5, 2022. Keep reading to learn more about Kavi Fulena’s conduct as a broker.

Investor Dispute

On May 27, 2022, an investor alleged that Kavi Fulena made an unsuitable investment recommendation in September 2020, and also failed to follow instructions to transfer money out of the market at a certain threshold. This dispute is currently pending.

FINRA Rules 2111 and 2010

FINRA Rule 2111 defines suitable investments as those that match an investor’s profile. Investors’ profiles describe their financial goals, tax status, age, and other information. 

Failure to follow instructions violates FINRA Rule 2010, which holds brokers to high standards of professional honor.

Background Information

Kavi Fulena has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Kavi Fulena is a registered broker in 13 states and a registered investment adviser in California and Texas.

Kurta Law Can Help

If you worked with Kavi Fulena 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. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories