Investigative authorities have recently turned their attention to Travis Hudak, a distinguished actor in the financial sector, from Draper, Utah. According to the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC), Hudak (CRD#3128251) stands accused of contravening several financial industry regulations. Travis Hudak exhibits a professional resume spanning over 24 years, boasting vast experience across numerous firms. Currently, he operates as an investment advisor with Premier Investment Management.
Promising Career Under Scrutiny
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The BrokerCheck report presents a different angle about Travis Hudak, a man who’d built a reputable career in the financial sector over the years. The recent FINRA investigation lodged against him in August 2023 has cast a shadow over his illustrious work. According to FINRA, Hudak allegedly violated Rules 2111, 2330, and 2010 – with recommendations on variable annuity deemed unsuitable.
For context, Rule 2111 mandates brokers to give customers appropriate investment advisories. Rule 2330 necessitates brokers to prudently confirm that their customers comprehend the deferred variable annuity transactions and deem them suitable. Lastly, Rule 2010 compels brokers to adhere to fair and equitable trading practices.
Not Going Down Without a Fight
Travis Hudak, in his defense, maintains a strong stance about his integrity and commitment to ethics. He asserts the annuity transactions under investigation were sanctioned by his former member firm, H. Beck. He also insists on his unwavering adherence to high professional standards in all his conduct within the sector. Hudak affirms his dedication to exhibiting deathless ethical and professional standards in the financial industry. In a persuasive statement, he declares, “a meticulous review of facts will bear witness to my unstinting dedication and integrity.”
The Lone Peak Termination
Moreover, Hudak’s professional history includes a controversial 2021 termination from Lone Peak Advisers. The disclosure states that his dismissal from the firm had a connection with allegations of failing in his supervisory role concerning marketing, advertising, and sales literature. In a twist, Hudak pertains the termination to be a retaliatory measure following a whistleblowing complaint that he had made.
An Enviable Track Record
Travis Hudak has demonstrated an extensive professional tenure in the securities industry. He commenced his career back in 1998, and his tenures have spanned several firms, including Transitional Broker, H. Beck, Gunnallen Financial, Investment Management Corporation, Eagle Gate Securities, UBS Painewebber, and Fidelity Brokerage Services. His career path set him up for a role with Premier Investment Management in March 2022, based in his native Utah, where he currently operates. Of note is his success in five securities industry qualifying exams, namely the General Securities Principal Examination, General Securities Representative Examination, Securities Industry Essentials Examination, Uniform Securities Agent State Law Examination, and the Uniform Investment Adviser Law Exam.
Reliable records as of August 27, 2023, show that Hudak is a licensed investment advisor in Utah, and he still continues to bring tremendous insights to the financial sector.
Legal Advocates For Financial Injustices
Haselkorn & Thibaut is a dedicated law firm specializing in representing investors in the United States who have suffered from investment losses. Our team highly values honesty, dedication, and the relentless pursuit of justice. If you or a loved one have experienced investment losses, please don’t hesitate to reach out to us at 1-800-856-3352, or via our online contact form for a no-obligation, confidential consultation.
