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Broker Complaints: Huntington Investment Company (CRD# 16986)

The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Ohio-based brokerage and advisory firm, the Huntington Investment Company (CRD# 16986).

Former in Ohio in 1991, the Huntington Investment Company is headquartered in Columbus, Ohio and registered in 53 US states and territories. Douglas Singer is President; Amy Hazel is Chief Operating Officer; Stephen Dahlke is Chief Compliance Officer; Melanie McFarland-Johnson is Financial Operations Principal.

According to the firm’s BrokerCheck report, the Huntington Investment Company is the subject of fourteen regulatory sanctions and seven customer complaints that evolved into arbitration.

In 2015 the Financial Industry Regulatory Authority (FINRA) sanctioned the Huntington Investment Company following allegations the firm failed to identify and apply discounts to eligible sales of unit investment trusts, resulting in excessive sales charges of about $60,900. The Huntington Investment Company was censured and issued a fine of $75,000.

In 2014 a customer alleged the Huntington Investment Company breached its fiduciary duty, misrepresented and omitted material facts related to an investment, recommended unsuitable investments, breached contract, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of $135,000.

In 2009 a customer alleged the Huntington Investment Company breached its fiduciary duty, misrepresented and omitted material facts related to an investment, and failed to supervise its representatives. The complaint resulted in an award to the customer of $109,844.

In 2007 the State of New Hampshire sanctioned the Huntington Investment Company following allegations the firm maintained four customer accounts after those clients had moved to a state where the firm was not licensed as a broker-dealer. The Huntington Investment Company was censured and issued a fine of $9,550.

In 2005 the National Association of Securities Dealers (NASD) sanctioned the Huntington Investment Company following allegations the firm sponsored a sales contest that weighted its proprietary mutual fund and variable annuity products more than other investments offered by the firm. The firm was censured and issued a fine of $10,000.

In 2005 a customer alleged the Huntington Investment Company breached its fiduciary duty, omitted material facts, failed to supervise its representatives, and recommended an unsuitable mutual fund investment. The complaint resulted in an award to the customer of more than $53,300.

If you have complaints regarding the Huntington Investment Company, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.