Kevin Dziubela, Broker for National Securities, Expunged Customer Disputes Alleging Unsuitable Investment Recommendations

The financial advisor sued his employer National Securities Corporatin, to secure an expungement of customer disputes, where customers sought more than $200k in damages for Dziubela’s alleged misconduct.

The Sonn Law Group is investigating allegations, later expunged, that Kevin Dziubela made unsuitable recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Kevin Dziubela  (CRD#:3208688) is currently employed with National Securities Corporation, where he has been a broker since 2015. Previously, he was employed by IAA Financial from 2009 until 2015. From 1999 until 2004, Dziubela was a broker for Continental Broker-Dealer Corp., who has since been expelled by FINRA.

Dziubela expunged three customer disputes. 

August 2019 Customer Dispute

• Status: Exunged and Settled
• Allegations: “Suitability, misrepresentation, omissions, breach of fiduciary duty and negligence.”
• Damage Amount Requested: $200,000.00

April 2019 Customer Dispute

• Status:  Expunged and Settled
• Allegations: “Negligence, suitability, breach of fiduciary duty, negligent misrepresentation and omissions.”
• Damage Amount Requested: $48,231.00
• Broker Comment: “The subject claim stated by the client is baseless and without merit. All actions taken in the account were performed with client’s knowledge and consent, and were consistent with client’s investment objective, risk profile, suitability and experience with the financial markets.”

February 2015 Customer Dispute

• Status: Expunged and Settled
• Allegations: “Breach of fiduciary duty; negligence”
• Damage Amount Requested: $900,000.00
• Settlement Amount: $45,000.00
• Broker Comment: “The subject claim stated by the client is baseless and without merit. All actions taken in the account were performed with client’s knowledge and consent, and were consistent with client’s investment objective, risk profile, suitability and experience with the financial markets.”

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Expungement means that the financial advisor filed an arbitration to obtain an order from an arbitration panel to remove complaints from his or her Brokercheck record of their history of Complaints. Here, in one of the three customer claims, according to the expungment award, Case Number: 23-02899, the finanical advisor “(Kevin Dziubela) contributed $22,500.00. (Kevin Dziubela) testified that he contributed to the settlement because Respondent’s broker-dealer firm had gone out of business, and he wanted to avoid the additional time and expenses to continue to defend the case. Thus, (Kevin Dziubela) made a business decision to resolve the matter by way of a settlement.”

Contact Us Today

The Sonn Law Group represents investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.