Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into West Des Moines financial advisor Bill Tunink (CRD# 2738224) following a significant investor complaint that recently settled for $130,600. The firm is examining potential misconduct related to Mr. Tunink’s activities while registered with LPL Financial.
Understanding the Recent Complaint Against Bill Tunink
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According to Financial Industry Regulatory Authority (FINRA) records, Bill Tunink faces a serious investor complaint filed in August 2025. The complaint alleges that while serving as a representative of LPL Financial, Mr. Tunink received a $140,000 loan from a customer that he failed to repay. This matter resulted in a substantial settlement of $130,600, raising questions about the advisor’s business practices and client relationships.
The size of this settlement is particularly noteworthy. When financial advisors settle complaints for six-figure amounts, it often indicates the seriousness of the allegations and potential merit to the investor’s claims. Investors who have worked with Mr. Tunink should be aware of this development and consider reviewing their own accounts and transactions.
Bill Tunink’s Professional Background and Current Registration
Bill Tunink operates through Tunink Murray Financial Group, a firm that provides comprehensive financial services including:
- Tax services and planning
- Accounting services
- Financial consulting
- Investment advisory services
- Services for both individual and business clients
With 29 years of securities industry experience, Mr. Tunink has built a lengthy career in financial services. He has been registered with LPL Financial since 2021, operating under the business name Tunink Murray Financial Group. Prior to joining LPL Financial, he spent 25 years with Avantax Investment Services from 1996 to 2021.
Professional Qualifications and Licensing
Mr. Tunink holds several securities licenses, having passed four industry qualifying examinations:
| License | Description |
|---|---|
| Series 7 | General Securities Representative Examination |
| Series 6 | Investment Company Products/Variable Contracts Representative |
| SIE | Securities Industry Essentials Examination |
| Series 63 | Uniform Securities Agent State Law Examination |
He maintains licenses in 18 states, including Iowa, California, Florida, Texas, and others, allowing him to serve clients across a broad geographic area.
Red Flags for Investors to Consider
The recent complaint involving a personal loan raises several concerns that investors should carefully evaluate:
1. Mixing Personal and Professional Relationships: When financial advisors accept personal loans from clients, it creates potential conflicts of interest and blurs professional boundaries. This practice can compromise the advisor’s ability to provide objective financial advice.
2. Settlement Size: A $130,600 settlement suggests the complaint had substantial merit. Large settlements often indicate serious issues that warranted significant compensation to the affected investor.
3. Nature of the Allegation: The failure to repay a client loan raises questions about financial stability and ethical conduct. Investors rely on their advisors to demonstrate sound financial judgment in their own affairs.
What This Means for Current and Former Clients
If you have worked with Bill Tunink or Tunink Murray Financial Group, consider taking these steps:
- Review all account statements for any unusual transactions or fees
- Document any personal financial arrangements you may have had with your advisor
- Examine investment recommendations to ensure they aligned with your financial goals and risk tolerance
- Check for any unauthorized transactions or changes to your investment strategy
- Verify that all investments were suitable for your financial situation
The Importance of Due Diligence
This situation underscores why investors must regularly monitor their financial advisors’ regulatory records. Complaints and settlements can provide early warning signs of potential issues. While a single complaint doesn’t necessarily indicate widespread problems, it should prompt investors to take a closer look at their relationships and accounts.
Financial advisors hold positions of trust, managing their clients’ life savings and retirement funds. When that trust is potentially compromised, as suggested by the recent settlement, investors deserve answers and may need to take action to protect their interests.
Protecting Your Investment Rights
Investors who have experienced losses or concerns while working with Bill Tunink should understand their rights. Securities laws provide various protections for investors, including the right to pursue claims for unsuitable investments, unauthorized trading, breach of fiduciary duty, and other forms of misconduct.
Time limits apply to investment fraud claims, making prompt action essential. The sooner investors address potential issues, the better their chances of recovering losses and protecting their financial future.
Take Action to Protect Your Investments
If you have invested with Bill Tunink at LPL Financial or Tunink Murray Financial Group and have concerns about your accounts, Haselkorn & Thibaut can help you understand your options. With over 50 years of experience in investment fraud cases, a 98% success rate, and millions recovered for clients nationwide, the firm operates on a “no recovery, no fee” basis.
Don’t wait to protect your financial future. Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free consultation to discuss your situation and learn about your legal rights. Their experienced attorneys can review your case and help you determine the best path forward to potentially recover your investment losses.
