Howard Dennis Kavinsky

(CRD #5881623, Chicago, Illinois)

December 20, 2024 – An AWC was issued in which Kavinksy was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Kavinsky consented to the sanction and to the entry of findings that he falsified at least 190 consolidated account statements for at least eight customers, some of whom were seniors, by overstating the customers’ account balances and reflecting fictitious investments in a hedge fund. The findings stated that Kavinsky also falsified the consolidated account statements for at least six of these customers to reflect that he had invested a portion of their funds in a hedge fund, even though he had not made any such investments. The findings also stated that Kavinsky provided false and misleading information and testified falsely at his on-the-record testimony with FINRA. FINRA requested that Kavinsky identify all customers for whom he had ever misrepresented account values on any document, however he responded falsely by naming only a married couple who had already complained about him to the firm. At the time that Kavinsky made this response, he knew it was false and that he had actually overstated the account values for at least eight customers on their consolidated account statements. Moreover, during on-the record testimony with FINRA, Kavinsky repeatedly testified falsely that he never told any of his customers that they were invested in any hedge funds. (FINRA Case #2024082486101) If you have suffered losses as a result of Howard Dennis Kavinsky's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Howard Dennis Kavinsky. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.