Tag Archives: raymond james finra problem

Michael M. Hurtgen-Former Raymond James Broker-Discloses Discharge

Greenwood, CO

According to FINRA records,  Michael M. Hurtgen   a stock broker currently  employed by Girard Securities , discloses a termination from prior employment.

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.

Michael M. Hurtgen discloses that he was discharged from Raymond James Financial in February 2016. The company made the following allegations on Hurtgen’s FINRA record: “Terminated for soliciting interest in a private placement, for a firm approved outside business activity and company owned by FA, to clients without approval. The solicited parties were a relative of FA and a longtime client.”

Hurtgen has been employed by Girard Securities since 3/2016. He was employed by Raymond James from 6/2009-3/2016.

If you have questions about an account handled  by Michael M. Hurtgen, call for a no charge consultation.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

John Waszolek-Former Raymond James Broker-Barred From Industry For Unethical Behavior With Elderly Client

July 13, 2015-Scottsdale, AZ

John Anthony Waszolek  entered into an Order Accepting Offer of Settlement (Order) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that accepted appointment as trustee and residual beneficiary of his 81 year old customer who had been diagnosed with Alzheimer’s and suffered from dementia and memory loss.

According to the Order,  Waszolek engaged in unethical behavior by procuring an appointment as successor trustee and residual beneficiary of the elderly client’s trust when he knew the customer lacked the capacity to make such an appointment. Following the death of the client, Waszolek attempted to inherit over $1.8 million from the deceased client’s estate.

Waszolek also engaged in unethical behavior by concealing his role as a fiduciary to the customer and beneficiary of the trust from his employing firms, UBS Financial Services and Morgan Stanley Smith Barney.

Waszolek was barred from the securities industry by FINRA.

Disciplinary Proceeding 2012031181001

Waszolek’s prior employment includes:  Raymond James from 2/2012-2015, Morgan Stanley Smith Barney 3/2009-6/2009 and UBS 9/11979-3/2009.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Raymond James Broker Ronald Vaught Barred by FINRA

To resolve allegations that he failed to disclose a trustee relationship and that he altered a client document, Ronald W. Vaught , who formerly worked for Raymond James Financial  in Melbourne, FL,  consented to an order barring him from the securities industry. The findings also state that Vaught failed to notify his member firm that he had been named a successor trustee and beneficiary of an elderly customer’s trust in violation of firm policy.

Findings also state that Vaught falsified the signature of the customer on a business-related form with a date that was after the date of the customer’s death and made distributions from the trust to himself that were not authorized by the trust document.

If you suffered damages in an account handled by Vaught, contact us to learn how you may be able to recover your losses.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

561 391 1900

Paul D. Arnold, Former Raymond James Broker Barred From Industry

In November 2013, FINRA announced that Paul David Arnold (CRD #2278472) had been barred from the industry based upon findings that Arnold misappropriated funds by transferring $242,000 from the account of an elderly widow to a bank account in the customer’s name. Following the transfer, Arnold had the customer sign blank checks from the bank account, purportedly to pay bills. The findings stated that Arnold wrote checks totaling $173,000 made payable to his wife and son, without the customer’s authorization. Arnold failed to testify at a FINRA on-the-record interview regarding the misappropriation.
FINRA records indicate Arnold was registerered with Raymond James 9/1995-9/2011.
If you had an account with Arnold and suffered losses, you may be able to recover all or a part of those losses through FINRA arbitration.

Rex Securities Law , located in Boca Raton, FL, 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.

Rex Securities Law

561 391 1900