October 2017 – Sarasota, FL
According to publicly available records Daniel Joseph Hushek III (CRD#4250117) , a stockbroker who is currently unregistered and was previously registered with G.F. Investment Services, disclose a recent regulatory event.
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.
In July of 2017 Hushek consented to sanctions of a 15 month suspension from the securities industry and a $10,000 fine by FINRA to resolve allegations that “Hushek failed to adequately supervise the sales practice of a registered representative who recommended and engaged in unsuitable trading of non-traditional exchange traded funds (ETFs). The findings stated that Hushek’s supervisory failure facilitated the representatives ongoing sales practice violations. As a consequence, the representatives customers’ accounts sustained realized and unrealized losses of more than $2.4 million.”
Hushek was employed with G.F. Investment Services from August of 2005 until January of 2017.
If you have suffered losses on non-traditional ETFs purchased from a broker with G.F. Investment Services or have questions about an account handled by Daniel Joseph Hushek III, contact us to discuss your options.
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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