Gary Caluducan Fired from The Huntington Investment Company

Gary Caluducan (CRD #: 6470221), a broker registered with W&S Brokerage Services, was fired from his previous firm, according to his BrokerCheck record, accessed on August 6, 2025. If you have questions about his alleged conduct as a broker, read on.

Investor Allegations 

On April 7, 2025, investors alleged that Gary Caluducan allegedly misrepresented the tax implications of selling mutual funds and transferring the assets to an advisory account. The investors alleged they would not have agreed to move their assets if they had known the tax implications. The investors are seeking $54,354.

On December 2, 2024, an investor alleged that Gary Caluducan recommended an unsuitable Equity Indexed Annuity. Her funds were allegedly moved from a mutual fund, and she allegedly missed out on market appreciation. The investor further alleged that this money was earmarked for her children’s education and that she was unaware of a 7-year surrender period. The dispute was denied by the firm, but investors should know that they can still recover losses following a denial. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What is an Unsuitable Investment? 

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. 

Rule 2111 also requires brokers to consider the following investor characteristics: 

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investments that do not fit the criteria established by the investor profile may be unsuitable. Investors who rely on brokers for recommendations may recover their losses by pursuing FINRA arbitration.

Termination from The Huntington Investment Company

On March 29, 2016, Gary Caluducan was fired from The Huntington Investment Company following allegations that he asked one of his employees to contact realtors so he could grow his new book of business at W&S Brokerage Services.

FINRA Rule 2010

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

Background Information

Gary Caluducan has passed the following exams:

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

Gary Caluducan is a registered broker in eight states and a registered investment adviser in New Jersey and Ohio.

He previously worked for The Huntington Investment Company (CRD#:16986).

Kurta Law Can Help

If you worked with Gary Caluducan 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.