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Investor Alleges Michael Hunt Omitted Facts

Aug 15, 2022 Misrepresentation

Michael Hunt (CRD #: 2400633), a broker registered with Equity Services, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on July 30, 2022. Investors may also have worked with Michael Hunt through ESI Financial Advisors. If you want to know more about Michael Hunt’s conduct as a broker, keep reading.

Investor Dispute

On June 2, 2022, an investor alleged that Michael Hunt failed to fully disclose facts concerning suitability, guarantees, and risks associated with certain investments. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors may still be able to recover their losses by seeking out FINRA arbitration after a denial.

FINRA Rules 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise unethical means of influencing investors’ decisions. This includes the misrepresentation or omission of material facts, such as an investment’s potential risks, rewards, or fees.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to consider whether an investment fits their investor’s profile. Investors’ profiles describe their age, tax status, and other characteristics that brokers must take into account when recommending investments.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Michael Hunt has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • 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 7 – General Securities Representative Examination
  • Series 26 – Investment Company Products/Variable Contracts Principal Examination 

Michael Hunt is a registered broker in eight states and a registered investment adviser in New York.

He has also worked for the following firms:

  • Prudential Financial Planning Services (CRD#:5685)
  • Pruco Securities (CRD#:5685)
  • Seligman Advisors (CRD#:840)
  • Guardian Investor Services (CRD#:6635)
  • Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Michael Hunt 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 and 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.