Investacorp Fires Broker For Unauthorized Access To Customer Accounts
Andrew Joseph Fairchild of Parkland Florida a stockbroker formerly employed by Investacorp Inc. has been terminated from employment on December 6, 2018 based upon the firm’s allegations that Fairchild inappropriately contacted a third party to effect withdrawals from customers’ annuities accounts.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer filed an investment related complaint regarding Fairchild’s activities where the customer requested $45,000.00 in damages supported by accusations that while Fairchild was associated with Investors Capital Corp., mutual fund transactions effected in the customer’s account were not suitable for the customer.
Fairchild’s registration with Investacorp Inc. was terminated on December 10, 2018. Since December 7, 2018, Fairchild has been associated with Kovack Securities Inc.