Eric Coombs Voluntarily Resigned from The Huntington Investment Company

Eric Coombs (CRD #: 2743447), a broker registered with Nationwide Investment Services Corporation, was permitted to resign by The Huntington Investment Company in December 2023. This disclosure appears on his BrokerCheck record, accessed on April 19, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations 

On December 5, 2023, Eric Coombs voluntarily resigned following firm allegations. The Huntington Investment Company alleged sales practice concerns regarding the suitability of his recommendations, and Regulation Best Interest obligations, as well as other firm supervisory procedures. 

What is Regulation Best Interest? 

Regulation Best Interest expands on the requirements of FINRA Rule 2111, which defines suitable investment recommendations. In addition to limiting their recommendations to investments that suit their investors’ needs, brokerage firms must also uphold a Duty of Care, the Conflict of Interest Obligation, and the Disclosure Obligation. These obligations and duties require brokerage firms to disclose conflicts of interest. Firms must also research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Eric Coombs has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination
• Series 7TO General Securities Representative Examination  
• SIE – Securities Industry Essentials Examination
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 
• Series 26 Investment Company Products/ Variable Contracts Principal Examination 

He is a reigstered brokerin 45 states and D.C. He is also a registered investment adviser in Ohio. 

During his 27 years of experience, Eric Coombs has registered with four firms: 

• Nationwide Investment Services Corporation (CRD #: 7110) 
• Nationwide Investment Advisors (CRD #: 142373) 
• Huntington Financial Advisors (CRD #: 16986) 
• Nationwide Securities (CRD #: 11174)

Kurta Law Can Help 

If you have worked with Eric Coombs and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.