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Luke Preaus Fired by Park Avenue Securities

Luke Preaus (CRD #: 7014988) was fired by Park Avenue Securities. This disclosure appears on his BrokerCheck record, accessed on April 12, 2024. Keep reading if you have questions regarding his alleged conduct.  

Employment Separation After Allegations 

On March 9, 2024, Park Avenue Securities fired Luke Preaus following allegations that he facilitated outside investments that were not approved by the firm. 

Outside Business Rules 

FINRA Rule 3270 requires brokers to disclose to their firm any business activities they engage in outside it, including any compensation they expect to receive.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Facilitating outside investments that are not approved by the member firm violates this rule. 

Background Information 

Luke Preaus has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7TO General Securities Representative Examination 

This broker has exclusively registered with Park Avenue Securities (CRD #: 46173). 

Kurta Law Can Help 

If you have worked with Luke Preaus and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.

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