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Paul Tunink Facing Allegations of Unauthorized Portfolio Allocation

Paul Tunink (CRD #: 5930891), a broker registered with Valic Financial Advisors, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on February 2, 2024. Keep reading if you have questions regarding his conduct. 

On October 16, 2023, an investor alleged that Paul Tunink ignored her instructions and placed her in an aggressively allocated portfolio that she did not authorize. Aggressive allocations may be unsuitable. The investor is seeking $90,000. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk.

Background Information 

Paul Tunink has passed the following exams: 

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

He is a registered broker in 19 states. 

Kurta Law Can Help 

If you have worked with Paul Tunink and you 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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