Stephen Hurtuk, formerly with Stifel Nicolaus, Barred from Securities Industry

Have you lost money with financial advisor Stephen Hurtuk of Boardman, Ohio?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Stephen Thomas Hurtuk. FINRA barred Hurtuk from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Hurtuk after he was alleged to have made unsuitable recommendations to eight customers of his former brokerage firm, Stifel Nicolaus, between May 2015 and September 2016.

Stephen Hurtuk was a financial advisor and registered representative of Stifel Nicolaus from 2007 to October 2017.  He worked at a branch office in Boardman, Ohio.  Hurtuk also has been the subject of seven customer complaints, many alleging unsuitable investments in limited partnerships and stocks.  Hurtuk also filed for bankruptcy in 2009.

Brokerage firms like Stifel Nicolaus have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Ohio.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Stifel Nicolaus.

Click to view:  Hurtuk, Stephen FINRA AWC

Click to view:  Hurtuk, Stephen BrokerCheck 9.6.18

If you lost money with Stephen Hurtuk or Stifel Nicolaus, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.