Chris Raymond Kubiak, of Milwaukee, Wisconsin, a former registered representative with Freedom and Calton, submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) without admitting or denying allegations that he violated FINRA Rules 2150(a) and 2010.
From February 1989 to July 2017, Kubiak was registered with Freedom Investors Corp. (Freedom) as a General Securities Representative. On July 2017, Kubiak left Freedom and joined another firm, Calton & Associates, Inc., as a (GSR) and as an Investment Company and Variable Contracts Products Representative. According to FINRA, between June 2015 and August 2018, Kubiak converted customer funds in violation of FINRA Rules 2150(a) and 2010. The findings stated that a total of seven customers from Freedom and Calton, gave $270,000 in funds to invest on their behalf. Kobiak, however, allegedly deposited the funds in his own bank account and used it for his own personal use, including to gamble and pay medical bills.
Without admitting or denying FINRA’s findings, Chris Raymond Kubiak consented to the sanctions and has been barred from association with any FINRA member in all capacities.
Stockbrokers have been known to engage in many practices that may violate industry and firm rules, practices, and procedures. In order to protect investors from stockbroker misconduct, FINRA rules require brokerage firms to establish and implement a supervisory system. The implementation of these industry rules requires supervisors to monitor their employees to ensure compliance with federal and state securities laws, securities industry rules and regulations, and the brokerage firm’s own policies and procedures. If broker-dealers and/or their supervisors fail to establish and implement these protective measures, they may be liable to investors for damages which flow from the broker’s misconduct. Therefore, investors who have suffered losses stemming from theft of funds or securities, and/or other misconduct by their broker can file claims to recover damages against broker-dealers, like Freedom and Calton, which should consistently oversee its brokers’ activities in order to prevent the above-described misconduct.
Have you suffered losses in your Freedom Investor’s Corp. or Calton & Associates account due to theft of funds or securities by your broker? Was Chris Raymond Kubiak your stockbroker? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is accepting clients with valid claims against Freedom Investor’s Corp. or Calton & Associates stockbrokers who may have engaged in broker misconduct and caused investors’ losses.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 35 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at firstname.lastname@example.org for answers to any of your questions about this blog post and/or any related matter.