Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 17, 2018 indicate that former Ohio-based Stifel Nicolaus & Company broker/adviser Stephen Hurtuk has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hurtuk (CRD# 848484).
Stephen Hurtuk has spent 39 years in the securities industry and was most recently registered with Stifel Nicolaus in Boardman, Ohio (2007-2017). Previous registrations include Citigroup Global Markets in Canfield, Ohio (2001-2007) and Merrill Lynch in New York, New York (1978-2001). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 4, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 9, 1980; and Series 7 (General Securities Representative Examination), which he obtained on January 21, 1978. He is currently not affiliated with any broker-dealer firm.
According to his BrokerCheck report, he has received three customer complaints and two pending customer complaints.
In June 2018 a customer alleged Stephen Hurtuk, while employed at Stifel Nicolaus & Company, should have rated her account as “conservative income” rather than a “growth and income primary investment objective / moderately aggressive risk tolerance” account. The customer is seeking more than $16,500 in damages in the pending complaint.
In June 2018 a party of customers alleged Stephen Hurtuk, while employed at Stifel Nicolaus & Company, breached his fiduciary duty, placed them in a speculative stock investment, and did not take action to minimize losses in the account. The customers are seeking more than $45,400 in damages in the pending complaint.
In 2017 a customer alleged Stephen Hurtuk, while employed at Stifel Nicolaus & Company, concentrated the account in two securities, resulting in losses. The complaint settled in January 2018 for $25,000.
In 2017 a customer alleged he, while employed at Stifel Nicolaus & Company, failed to diversify the portfolio and invested in speculative equities. The complaint settled for $145,000.
In 2016 a customer alleged he, while employed at Stifel Nicolaus, recommended unsuitable investments. The complaint settled for more than $99,600.
If you or someone you know has complaints regarding Stephen Hurtuk, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.