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Account Protection - Kovack Securities, Inc.

Kovack Securities is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investors Protection Corporation (SIPC), Florida Securities Dealers Association (FSDA), and the Securities Industry Association (SIA).

NFS & Pershing Accounts

Under SIPC, your securities account is insured up to $500,000 ($100,000 for cash). NFS & Pershing have both purchased an additional policy that provides coverage in excess of SIPC protection. Clients receive excess coverage at various levels, depending on the type of asset, up to $150 million. Additional protection is offered through NFS at the $35 million limit & Pershing is currently unlimited. Financial Institutional Bond, which covers clients' securities losses, subject to the terms, conditions and limits of the bond. SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation (FDIC). It does not protect investors against a decline in the market value of securities. SIPC generally protects customers against the physical loss of securities if the broker/dealer holding the securities for the customer fails.

Sample Client Statements

Client statements are sent monthly to clients in a consolidated, easy to read format. They detail all securities positions including equities, fixed income securities and mutual funds.

Copyright © 2000 - 2011, Kovack Securities, Inc., All Rights Reserved.
Member FINRA/SIPC, Florida Securities Dealers Association & Securities Industry Association
Corporate Headquarters: 6451 North Federal Highway, Suite 1201, Fort Lauderdale, Florida 33308
Ph: (954) 782-4771 Fax: (954) 943-7331 Email:

Kovack Securities, Inc., (KSI) is a powerful partner for entrepreneurial financial advisors seeking to create their own successful business. Since our inception, helping financial representatives & advisors establish competitive, independent practices has been the primary focus of the Firm. Our successful, independent financial advisors share our vision in providing the quality of financial advice we believe every client deserves and have helped KSI grow to become one of the country's largest independent broker/dealers.

Kovack Securities & Kovack Advisors are focused on providing our advisors with the tools, resources and training to help manage the complexities of running their own practices. In turn, our advisors are able to focus on the needs, goals and objectives of their clients rather than office logistics. Our open product architecture and innovative fee–based programs coupled with our multiple Clearing Firms (National Financial Services & Pershing) provides our advisors with the flexibility to develop investment strategies which are best suited for their clients.