November 2016-Albuquerque, NM
The FINRA records of Kevin Hudak, a former stockbroker last employed in the industry by Foothill Securities , was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Without admitting or denying the findings, Hudak consented to entry of findings that he submitted non-solicitation forms to his firm that had non-authentic customer signatures. Hudak falsified the non-solicitation forms by having customers sign blank forms, which he then photocopied and reused for transactions in low priced securities.
The findings also state that Hudak provided false and misleading testimony to FINRA in connection with their investigation into the matter.
Hudak was registered with Foothill Securities from 6/2014-10/2015. Prior to that he was employed by Cetera Advisor Networks.
If you have losses in an account in an account handled by Kevin Hudak contact us to discuss how you may be able to recover damages for those losses.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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