Kenneth Hornyak and Stifel Nicolaus & Co., Inc.
Have you lost money with financial advisor Kenneth Hornyak of Traverse City, Michigan? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Kenneth Hornyak. Ken Hornyak was barred from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Hornyak for potential discretionary trading, unauthorized trading, and unsuitable short-term trading of Unit Investment Trusts (UITs).
Kenneth Hornyak was a financial advisor and registered representative of Stifel Nicolaus & Company from 2006 to January 2014. He worked at a branch office in Traverse City, Michigan
Brokerage firms like Stifel Nicolaus & Company 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, such as refraining from selling investments and securities that are not approved by the firm. 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 the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Michigan. Attorney Aaron Israels is licensed to practice law in Michigan. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Kenneth, ProEquities, Securities America, National Securities Corp., and many others.
If you lost money with Kenneth Hornyak or Stifel Nicolaus, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Hornyak FINRA AWC
Click to view: Hornyak BrokerCheck 7.23.15