Gregory Rusnak was an Illinois based securities broker. He worked in the securities industry for thirty-one years. During his career, he was registered with four different securities firms.
His registrations include; UBS PainewebberInc. (1986-2002), Robert W. Baird & Co. Incorporated (2002-2008), Ameriprise Advisor Services (2008-2011), and Sigma Financial Corporation (2011-2017).
Gregory Rusnak’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In December 2007, a customer alleged unsuitable investments and excessive commissions. This case was settled for $50,000 in damages.
In August 2017, a customer alleged unsuitable investment recommendations against Gregory Rusnak. The alleged transgressions taking place between 2014-2016. This case was settled for $155,000 in damages.
In January 2019, Rusnak was officially sanctioned by FINRA. The findings in this matter state that he exercised discretion in customers’ accounts without written authorization from the customers or by having his member firm accept any of the accounts as discretionary. Due to these alleged actions, he was fined $5,000 and suspended from acting as a securities broker in any fashion for a period of fifteen business days. Gregory Rusnak was previously terminated from his position at Sigma Financial Corporation in December 2017 when the allegations first came to light.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Gregory Rusnak, please contact Oakes & Fosher for a free and private consultation.