Suzanne Ballek Fined by SEC for Alleged Modification of Records

Suzanne Ballek (CRD #: 5579423), a broker formerly registered with Inland Securities Corporation, has been fined by the SEC, according to her BrokerCheck record, accessed on August 16, 2025. Keep reading to learn more about her alleged conduct as a broker.

SEC Regulatory Action

On July 15, 2025, the Securities and Exchange Commission instituted cease-and-desist proceedings against Suzanne Ballek, alleging that she modified records of her employer (“Adviser A”) before providing them to the SEC as part of its investigation of that firm.

The SEC alleged that, from September 2022 to September 2023, SEC staff in the Division of Examinations performed an examination of Adviser A, and requested documents and information relating to the firm’s pre-clearance trading policy as it applied to certain of its supervised persons.

As the firm’s Chief Compliance Officer, Suzanne Ballek allegedly collected and provided these documents to SEC staff. Some of these forms allegedly included pre-clearance trading forms relating to a certain portfolio manager.

However, before providing these forms, she allegedly modified dates and/or filled in missing information on many of them, creating the appearance that they were completed and signed on the date of the transactions.

In certain cases, Suzanne Ballek allegedly created a form for a trade and affixed the trader’s signature to it without that person’s knowledge or authorization.

The SEC alleged that Suzanne Ballek aided and abetted and caused Adviser A’s violations of Section 204(a) and Section 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-7 thereunder. 

Investment Advisers Act of 1940

Section 204(a) of the Investment Advisers Act requires investment advisers to provide copies of their records for examination by representatives of the Securities and Exchange Commission.

Section 206(4) prohibits the use of deceptive, manipulative, and otherwise fraudulent practices by investment advisers.

Rule 206(4)-7 requires investment advisers to establish and enforce policies and procedures to prevent violation of the Investment Advisers Act, conduct annual reviews of these policies and procedures, and appoint a chief compliance officer.

Sanctions

The SEC ordered Suzanne Ballek to cease and desist from violations of Section 204(a) and Section 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-7 thereunder and prohibited her from acting in a compliance capacity with the following for three years:

• Advisory boards
• Brokers
• Dealers
• Investment advisers
• Municipal securities dealers
• Municipal advisors
• Transfer agents
• Nationally recognized statistical rating organizations (NRSROs)

The SEC also prohibited her from acting in a compliance capacity with any investment advisor; depositor of, or principal underwriter for, a registered investment company; or affiliated person of these entities, for three years.

Suzanne Ballek was also fined $40,000.

Resignation from Inland Securities Corporation

On November 10, 2023, Suzanne Ballek was permitted to resign from Inland Investment Advisors and Inland Securities Corporation following allegations that she made misrepresentations and fabrications in connection with a regulatory examination of Inland Investment Advisors.

These misrepresentations/fabrications allegedly concerned the firm’s process for monitoring its employees’ personal trading and bookkeeping.

Background Information

Suzanne Ballek has passed the following exams:

• Investment Banking Registered Representative Examination – Series 79TO
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

She previously worked for Inland Securities Corporation (CRD#:15807).

Kurta Law Can Help

If you worked with Suzanne Ballek 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.