Goodman & Nekvasil P.A., May Recover Investor Losses | Michael Murphy Hurtgen (Michael Hurtgen), Financial Advisor Suspended from Securities Industry
Michael Hurtgen has been licensed with Cetera Advisor Networks, LLC, Girard Securities, Inc. and Raymond James Financial Services, Inc. FINRA reports that Michael Hurtgen was suspended from the securities and investment banking industry on 4/2/18. FINRA reports that Michael Hurtgen consented to the sanctions and to the entry of findings that Michael Hurtgen solicited at least 14 individuals, 10 of whom were customers of his member firm, to invest in a private placement offering without providing prior written notice to the firm. The findings stated that three of the 14 individuals that Hurtgen solicited invested in that private offering, and Hurtgen participated in each of the transactions, which totaled $75,000. FINRA reports that while the firm had approved Michael Hurtgen’s outside business activity with the company, it had not approved his subsequent private placement activities on behalf of it. The findings also stated that Hurtgen distributed sales materials for the private offering to investors that failed to comply with FINRA’s content standards for communications with the public. The sales materials failed to provide a balanced presentation and a sound basis for evaluating the investment being promoted. FINRA reports that the sales materials also contained forward looking and misleading statements that implied investor success, and contradicted the inherent risks associated with the subject investment.
If you lost any money on investments with Michael Hurtgen, you may be able to recover your losses from Cetera Advisor Networks, LLC, Girard Securities, Inc. and/or Raymond James Financial Services, Inc. This is because Cetera Advisor Networks, LLC, Girard Securities, Inc. and Raymond James Financial Services, Inc. had a duty to supervise Michael Hurtgen.
If you lost money on investments with Michael Hurtgen and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Cetera Advisor Networks, LLC, Girard Securities, Inc. and/or Raymond James Financial Services, Inc. concerning Michael Hurtgen conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Hurtgen and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.