Last Updated: December 2024 (Leander, TX)
Harold Francis Puhl Jr. Investigation Summary
Here’s what you need to know about Leander, TX, stockbroker Harold Francis Puhl Jr.:
- Name: Harold Francis Puhl Jr.
- Current Employers:
- Cetera Advisor Networks LLC
- Cetera Investment Advisers LLC
- Prior Employers: Carr -Friesenhahn & Company, Arneson Kercheville and Assoc.
- Function: Stockbroker / Financial Advisor
- Aliases: Chip Phul, Harold Puhl Jr.
- Primary Location: Leander, TX
- CRD: 1045552
- Can Harold Puhl Jr. be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Terminated by prior employer: Yes
- Highest Settlement or Award: $250,000
- Pending Customer Disputes: $800,000 and $100,000
If you’ve sustained damages from Mr. Puhl Jr., discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Harold Puhl Jr. As Your Stockbroker?
Harold Puhl Jr. is currently facing two pending FINRA arbitrations:
- Complaint (Filed May 2024): A customer of Cetera Advisor Networks alleged that Puhl recommended unsuitable investments in real estate securities. The claim seeks damages of $100,000.
- Complaint (Filed February 2002): Another client alleged that their account was mishandled, leading to significant losses in equity securities and variable annuities. The claim seeks damages of $800,000.
Past disputes include a settled case in 2001, where the client alleged account mismanagement and received a settlement of $250,000 (NASD Case #02-00495). The allegations cited potential violations of FINRA Rule 2111, which requires brokers to recommend investments suitable to the client’s financial goals and risk tolerance.
In 1992 Puhl was “permitted to resign” from Merrill Lynch making a loan with a client without the permission of the firm.
Allegations of Broker Misconduct Against Harold Puhl Jr.
Customers have alleged the following misconduct against Harold Puhl Jr.:
- Unsuitable Investment Recommendations: Multiple complaints allege that Puhl recommended investments that were inappropriate based on the client’s financial situation, potentially violating FINRA Rule 2111.
- Mishandling of Accounts: A 2002 complaint accused Puhl of account mismanagement related to equity securities and variable annuities, resulting in alleged damages of $800,000.
- Failure to Disclose Financial Activities: A past allegation involved excessive trading; the matter settled for $50,000.
FINRA Rule 2111- suitability – Regulation Best Interest
The Financial Industry Regulatory Authority (FINRA) enforces strict guidelines requiring brokers to disclose disputes and ensure the suitability of their recommendations. Violations like these can result in significant financial harm to investors.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Harold Francis Puhl Jr., contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.