Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 18, 2018 indicate that Colorado-based Cetera Advisors broker/adviser Michael Hurtgen has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hurtgen (CRD# 1742647).
Michael Hurtgen has spent 29 years in the securities industry and has been registered with Cetera Advisor Networks in Greenwood Village, Colorado since 2017. Previous registrations include Girard Securities in Greenwood Village, Colorado (2016-2017); Raymond James Financial Services in Greenwood Village, Colorado (2009-2016); RBC Capital Markets in Greenwood Village, Colorado (1998-2009); US Bancorp Investments in Saint Paul, Minnesota (1991-1998); Bear Stearns & Company in New York, New York (1989-1990); and Painewebber (1987-1988). He has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on February 15, 2006; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 16, 1987; Series 7 (General Securities Representative Examination), which he obtained on November 21, 1987; and Series 10 (General Securities Sales Supervisor – General Module Examination), which he obtained on November 24, 2009; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which he obtained on October 19, 2009. He is a registered broker and investment adviser with 18 US states and territories: Arizona, Arkansas, California, Colorado, the District of Columbia, Illinois, Indiana, Minnesota, Nebraska, New Mexico, New York, North Carolina, Ohio, Texas, Virginia, Washington, Wisconsin, and Wyoming.
According to his BrokerCheck report, Michael Hurtgen has been sanctioned by FINRA and was discharged from his former employer in connection to alleged rule violations.
In March 2018 FINRA sanctioned him in connection to allegations he solicited at least fourteen investors, at least ten who were clients of his member firm, to make investments in a private placement offering, but did not provide prior written notice about the private offering to his member firm. FINRA found that he participated in each of the transactions, totaling $75,000, and that though the firm had approved his outside business activity with the company, it had not approved his subsequent private placement activities on the company’s behalf. FINRA also stated that he disseminated sales materials that did not comply with FINRA standards. He was issued a two-month suspension and a fine of $5,000.
In February 2016 he was terminated from Raymond James Financial Services and Raymond James Financial Services Advisors in connection to allegations he solicited interest in a firm-approved outside business activity, a company he owned, without the firm’s approval to solicited investments in such.
If you or someone you know has complaints regarding Michael Hurtgen, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.