Goodman & Nekvasil P.A, May Recover Your Investment Losses on Puerto Rico Bonds or other Investments – Samuel Koltun Licensed with RBC Capital Markets, LLC
Samuel Koltun CRD #1739664
Samuel Koltun has been licensed with RBC Capital Markets, LLC since October 2009. FINRA reports that four arbitration claims have been filed during Samuel Koltun’s employment with RBC Capital Markets, LLC. These claims allege overconcentration in unsuitable Puerto Rico bonds and/or that the risks associated with these investments were not disclosed. These four arbitration claims were settled for $399,000, $212,500, $85,000, and $30,000. FINRA reports that a lawsuit involving Samuel Koltun’s conduct was settled for $95,000. This claim alleged common law fraud, negligent misrepresentation, and breach of fiduciary duty, among other things.
FINRA also reports that Samuel Koltun was previously suspended from the securities and investment banking industry for 10-days and fined $12,500 (including disgorgement of $7,864.14 in commissions) by the Financial Industry Regulatory Authority (FINRA). Samuel Koltun consented to findings that Samuel Koltun recommended numerous Class B mutual fund transactions to three customers which were unsuitable since Class A Shares should have been recommended. Had Class A Shares been recommended instead of Class B Shares, these customers would have (1) been eligible to receive breakpoints on Class A Share purchases; (2) paid lower 12B-1 fees; and (3) avoided being subject to contingent deferred sales charges.
If you lost any money on Puerto Rico Bonds or other investments with Samuel Koltun you may be able to recover your losses from RBC Capital Markets, LLC. This is because RBC Capital Markets, LLC had a duty to supervise Samuel Koltun.
If you lost money on Puerto Rico Bonds or other investments with Samuel Koltun and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against RBC Capital Markets, LLC concerning Samuel Koltun’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on Puerto Rico Bonds or other investments with Samuel Koltun and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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