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Jet Huempfner Allegedly Engaged in Unauthorized Trading

Jet Huempfner (CRD #: 7076803), a previously registered broker with LPL Financial, is the subject of an investor dispute. This is according to their BrokerCheck record, accessed on May 24, 2024. Keep reading if you have questions regarding the allegations. 

Investor Allegations 

On March 18, 2024, an investor alleged that Jet Huempfner engaged in unauthorized trading of an equity. The investor is seeking $360,000 but the dispute was denied by the firm. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover financially following a denial. 

FINRA Rule 3260

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Jet Huempfner has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 7TO General Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 

Kurta Law Can Help 

If you have worked with Jet Huempfner and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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