alton & Associates Broker Chris Raymond Kubiak Barred by FINRA
Chris Raymond Kubiak (CRD#: 1527367, Brookfield, Wisconsin) has been registered with Freedom Investors Corp. (February 17, 1989 to July 17, 2017), American Global Wealth Management, Inc. (July 14, 2017 to August 11, 2017) and most recently, Calton & Associates, Inc. (July 17, 2017 to October 1, 2018). The Financial Industry Regulatory Authority (“FINRA”) barred Kubiak from associating with any FINRA member in any capacity according to Letter of Acceptance, Waiver and Consent #2018059861801, executed on October 11, 2018. FINRA’s findings show that Kubiak converted $270,000.00 from four customers.
FINRA investigated Kubiak in September 2018 after allegations of Kubiak’s misconduct were presented to FINRA through the Office of the Whistleblower. FINRA learned that Kubiak had four customers from Freedom Investors Corp. and Calton & Associates, Inc. who provided him $270,000.00. Customers –mainly elderly investors – provided Kubiak the money so he could make investments for them. Kubiak did not invest the customers’ funds like he said he would. As it turns out, Kubiak directed the customers’ $270,000.00 to his bank account. Next, Kubiak gambled the customer’s money away and paid his medical bills.
Chris Kubiak Barred by FINRA Due To Improper Use of Funds
FINRA noted that Kubiak’s activities violated FINRA Rule 2150(a) because he improperly used (converted) the customers’ funds. Because of this, FINRA barred Kubiak from acting as a broker or associating with a broker-dealer firm.
Kubiak’s FINRA BrokerCheck profile shows he was charged with a felony before he was barred. Specifically, on September 25, 2018 the Franklin, Wisconsin Police Department arrested Kubiak for felony theft by fraud. Not surprisingly, Calton & Associates, Inc. discharged Kubiak less than a week later, alleging his dismissal was due to the fraud charges.
Investors who have incurred losses from Chris Raymond Kubiak are encouraged to contact Soreide Law Group at (888) 760-6552 for a free consultation. Our firm has recovered millions of dollars for investors who have suffered losses. We represent clients on a contingency fee basis and advance all costs.