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Calvin Heck Allegedly Misrepresented Insurance Policy’s Tax Implications

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 19, 2025 at 3:21am

Calvin Heck (CRD #: 1025767), a broker registered with Wedbush Securities, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on July 27, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Dispute

On April 16, 2025, an investor alleged that Calvin Heck misrepresented the tax implications of a life insurance policy purchased in 1987. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence investors’ decisions. Misrepresenting an investment’s limitations, risks, potential returns, or other features violates this rule.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Calvin Heck has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • Interest Rate Options Examination – Series 5
  • General Securities Representative Examination – Series 7
  • Uniform Securities Agent State Law Examination – Series 63

Calvin Heck is a registered broker in Kentucky, New York, Oregon, and Washington. He is also a registered investment adviser in California and Washington.

He has also worked for UBS Financial Services (CRD#:8174) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Calvin Heck and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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