Did you lose money investing with Hugues Guirand (CRD# 3045595)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Hugues Guirand. If you suffered losses investing with Hugues Guirand, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of February 3, 2023, Hugues Guirand’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
1 Regulatory Event
4 Judgment(s)/Liens
August 23, 2021 – An OHO decision became final in which Guirand was barred from association with any FINRA member in all capacities. The sanction was based on findings that Guirand failed to provide documents and information requested by FINRA and failed to appear for on-the-record testimony. The findings stated that Guirand’s former customer filed a statement of claim with FINRA alleging that he had solicited the customer’s investment in real estate transactions without his member firm’s approval. Thereafter, FINRA initiated an investigation into Guirand’s conduct in connection with the real estate transactions, which conduct could constitute unauthorized OBAs or private securities transactions. (FINRA Case #2020068395801)
Current and Previous Registrations
07/24/2007 – 04/23/2019 WOODSTOCK FINANCIAL GROUP, INC. (CRD#:38095) Virginia Beach, VA
06/02/2005 – 07/25/2007 QUEST CAPITAL STRATEGIES, INC. (CRD#:16783) LAGUNA HILLS, CA
04/25/2005 – 06/01/2005 ARCHER ALEXANDER SECURITIES CORPORATION (CRD#:41555) KANSAS CITY, MO
FINRA expelled the firm on 08/31/2007
07/24/2002 – 04/26/2005 FINANCIAL WORLD CORPORATION (CRD#:41377) OVERLAND PARK, KS
08/10/2000 – 07/25/2002 RAIKE FINANCIAL GROUP INC. (CRD#:38095) WOODSTOCK, GA
07/10/1998 – 08/17/2000 THE MINNEAPOLIS COMPANY, INC. (CRD#:38859) MELVILLE, NY
FINRA expelled the firm on 09/05/2001
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Hugues Guirand and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
