David Mark Hudzik (CRD #2743466) Has a Regulatory Disclosure on FINRA BrokerCheck

David Mark Hudzik (CRD #2743466) was previously registered as a broker with a regulatory disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 11, 2026. It reflects one disclosure. If you invested with David Hudzik and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action(s)

David Hudzik’s FINRA BrokerCheck report reflects one regulatory disclosure. The SEC civil matter is listed separately below.

On January 22, 2026, the SEC entered a final regulatory order against David Hudzik. David Hudzik’s FINRA BrokerCheck report says the order followed a December 11, 2025 consent judgment tied to Native American Energy stock sales. BrokerCheck says he misled investors about commissions, sold unregistered securities, and acted as an unregistered broker. The order bars him from association with several regulated entities, with a right to seek reentry after five years.

Civil Disclosure

On June 16, 2023, the SEC filed a civil complaint in the Eastern District of New York against Native American Energy Group, Joseph D’Arrigo, and David Hudzik. The complaint said the offering raised at least $3.43 million from at least 100 investors and that investors were misled about the stock sale. It also said David Hudzik received commissions of 20 to 30 percent within days of the sales and acted as an unregistered broker. The matter later resulted in a judgment with monetary sanctions, disgorgement, injunctive relief, and prohibitory relief.

Rule Summary #1: FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices)

FINRA Rule 2020 bars deceptive or fraudulent conduct used to induce a securities sale. A matter like this can raise questions about misleading statements made to investors during an offering.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. Misleading investors or taking selling compensation without fair dealing can invite scrutiny under this rule.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, David Hudzik:

Is listed by BrokerCheck as a previously registered broker.

Is not currently registered as a broker.

Has one disclosure event listed on BrokerCheck.

Kurta Law Can Help

If you have worked with David Hudzik and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.