• September 19, 2021
• Equitable Advisors

FINRA Suspends Financial Advisor Kevin Klickna

Kevin Klickna (CRD#: 5640324) is a previously registered Broker and an Investment Adviser.

Broker’s Background

He entered the securities industry in 2009 and previously worked for Equitable Advisors, LLC and AXA Advisors, LLC.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA) in January 2023, FINRA sanctioned Kevin Klickna with a civil and administrative penalty/fine of $5,000, and a suspension from all capacities for three months beginning January 17, 2023 and ending April 16, 2023. The FINRA sanction states, “Without admitting or denying the findings, Klickna consented to the sanctions and to the entry of findings that he forged a customer’s electronic signature on an annuity account application without the customer’s consent and affixed the customer’s signature on a rollover form. The findings stated that the customer eventually noticed the forgery on the rollover form and complained to Klickna’s member firm. As a result of the documents being firm records, Klickna caused the firm to maintain inaccurate books and records.”

For a copy of the FINRA sanction, click here.

In addition, Kevin Klickna has been the subject of four additional disclosures, including customer complaints and employment disclosures:

• May 2021 — “Client alleges she did not authorize an account rollover, and verified the signature on the rollover form was a forgery.” The customer dispute was settled.
• April 2021 — “RR discharged due to repeated document integrity issues involving client signatures and an allegation of establishing an online client account without authorization.” Kevin Klickna was discharged by Equitable Advisors, LLC.
• March 2020 — “Clients allege RR forged the client’s initials on the life insurance replacement form in 2020.” The customer dispute is pending.
• March 2020 — “Clients allege RR forged the client’s initials on the life insurance replacement form in 2020.The customer dispute was settled.

For a copy of Kevin Klickna’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.   

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.

Kevin Klickna (CRD#: 5640324) is an Investment Advisor and previously registered Broker.

Kevin Klickna entered the securities industry in 2009 and previously worked for Equitable Advisors, LLC; and AXA Advisors, LLC.

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in May 2021, a customer dispute against Kevin Klickna was settled. The allegation states, “Client alleges she did not authorize an account rollover, and verified the signature on the rollover form was a forgery.”

 

In addition, Kevin Klickna has been the subject of two customer complaints, including one that remain pending, including the following:

 

• April 2021–”RR discharged due to repeated document integrity issues involving client signatures and an allegation of establishing an online client account without authorization.” Kevin Klickman was discharged by Equitable Advisors, LLC.
• March 2020–”Clients allege RR forged the client’s initials on the life insurance replacement form in 2020.” The customer dispute is pending.
• March 2020–”Clients allege RR forged the client’s initials on the life insurance replacement form in 2020.” The customer dispute was settled.

 

For a copy of Kevin Klickna’s FINRA BrokerCheck, click here.

 

FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com.