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Barred Broker: Former Foothill Securities, Inc. Financial Advisor Kevin Paul Hudak

Posted on Thursday, May 25th, 2017 at 10:55 am    

Erez Law is currently investigating former Foothill Securities, Inc. financial advisor Kevin Paul Hudak (CRD# 4439153) regarding use of non-authentic customer signatures for customer transactions. Hudak was registered with Foothill Securities, Inc. in Albuquerque, New Mexico from 2014 to 2015.

In November 2016, FINRA barred Hudak from acting as a broker or otherwise associating with firms that sell securities to the public. According to the FINRA Acceptance, Waiver & Consent, it is alleged that Hudak submitted non-solicitation forms to his member firm that had non-authentic customer signatures, which he allegedly obtained by having his customers sign blank forms and later photocopy and reuse for future transactions. These forms were required by Foothill Securities, Inc. in order to process low-priced securities transactions for his customers. It is also alleged that Hudak provided false and misleading testimony to FINRA regarding the forms.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Foothill Securities, Inc. may be liable for investment or other losses suffered by Hudak’s customers.

Erez Law represents investors in the United States for claims against Foothill Securities, Inc. financial advisor Kevin Paul Hudak, who is alleged to use non-authentic customer signatures to execute customer transactions. If you were a client of Foothill Securities, Inc. financial advisor Kevin Paul Hudak or another firm, and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.