Last Updated: March 2024 (Draper, Utah)
Travis Hudak Investigation Summary
Here’s what you need to know about Draper, Utah, stockbroker Travis Hudak:
- Name: Mr. Travis J. Hudak
- Current Employer: Premier Investment Management (RIA), not currently registered with FINRA
- DBA: Premier Life Insurance Services
- Previous Firms: H. Beck Inc., Gunnallen Financial
- Function: Stock Broker/ Financial Advisor
- Aliases: Travis Hudak
- Primary Location: Draper, Utah
- CRD 3128251
- Can Travis Hudak be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Subject of Regulatory Investigation: Yes
- Discloses outstanding judgement: Yes
- Discloses pending bankruptcy: Yes
- Highest Settlement or Award: $1.1 million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Travis Hudak As Your Stockbroker?
Travis Hudak discloses that the Utah State Securities Division have an ongoing investigation involving Mr. Hudak regarding advertising and marketing material that Utah state employees are complaining about to Utah regulators.
Hudak discloses a currently outstanding judgment in favor of David James resulting form a AAA arbitration award. Per his CRD, Hudak anticipates that after an award of attorney fees, the total amount due will exceed $2.9 million.
Hudak discloses that he filed for Chapter 13 bankruptcy relief in 10/2023.
Lone Peak Advisers and Transition Broker terminated Hudak in 2021 for cause for the following violations of SEC and FINRA rules, including:
- Front running, trading ahead of large block trades of the same securities in Lone Peak Advisers client accounts
- Undisclosed brokerage accounts
- Improper Marketing materials
- Undisclosed office location
- Intercepting physical mail for Lone Peak Advisers and Transitional Broker
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Travis Hudak, 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.
