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Former Stifel Nicolaus Broker of Boardman, Ohio Stephen Hurtuk Faces Allegations of Selling Speculative, Unsuitable Investments

Former Stifel Nicolaus & Company broker Stephen Hurtuk is facing allegations of selling his customers unsuitable investments.

Though he is no longer registered to work with a FINRA member firm, Stephen Hurtuk spent 39 years working in the securities industry. He was registered with Stifel Nicolaus & Company out of Boardman, Ohio from 2007 to October 2017.

According to his FINRA report, Hurtuk has two pending disputes from June 2018 alleging that he knowingly placed customers in speculative stock while taking no action to minimize their financial losses. He also has been the subject of three prior customer disputes that have already been settled from May and June of 2016 that alleged over-concentration, failure to diversify customer portfolios, unsuitability, and putting customers in speculative stocks which resulted in financial losses. Hurtuk also filed bankruptcy in 2009.

Did You Suffer Losses While Investing with Stephen Hurtuk?

In the investment world, the old saying "don't put all of your eggs into one basket" often proves true and over-concentration rarely ends well for investors. Diversification is a key component in ensuring that customer portfolios remain protected. When brokers place too much emphasis on one type of security or investment, the investor's risk for significant loss soars. Fortunately, when brokers mishandle customer funds, investment loss attorneys can often help investors get their money back.

If you or someone you know has a complaint from working with Hurtuk, Meyer Wilson would like to hear from you. Give our office a call at (614) 532-4576 today. You may be able to recover some or all of your losses.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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