Michelle L Hubertus (CRD #6155518) Has an Employment Separation Disclosure on FINRA BrokerCheck

Michelle L Hubertus (CRD #6155518) was previously registered with Deutsche Bank Securities Inc. and has an employment separation disclosure on FINRA BrokerCheck. We reviewed her BrokerCheck report on May 25, 2026. It reflects one employment separation disclosure. If you worked with Michelle Hubertus and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Michelle Hubertus’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the separation is below:

On March 26, 2026, Deutsche Bank Securities Inc. discharged Michelle Hubertus. Michelle Hubertus’s FINRA BrokerCheck disclosure states the firm reported a failure to provide accurate explanations to internal stakeholders. The disclosure also says the issue involved materials submitted for regulatory purposes. Those materials concerned the root cause of failures to complete guarantor KYC by a former junior employee.

Rule Summary #1: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires member firms to use reasonable diligence when opening and maintaining accounts. Firms must know and keep the essential facts about each customer and authorized person.

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

FINRA Rule 2010 requires member firms to observe high standards of commercial honor. It also requires just and equitable principles of trade in the conduct of business.

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 her FINRA BrokerCheck report, Michelle Hubertus:

Was previously registered with Deutsche Bank Securities Inc.

Has CRD number 6155518.

Has one employment separation disclosure reported on FINRA BrokerCheck.

Kurta Law Can Help

If you have worked with Michelle Hubertus and have concerns, Kurta Law may be able to help. The firm can review activity and explain possible 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. It has 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. The attorney can then explain possible next steps.