Broker Chris R. Kubiak Barred by FINRA, Accused of Stealing from Clients

Chris R. Kubiak (CRD#: 1527367) is a former broker and investment advisor. From July of 2017 to October of 2018, Mr. Kubiak was employed at Calton & Associates in Brookfield, Wisconsin. Prior to that, Mr. Kubiak was associated with American Global Wealth Management in McDonough, Georgia.

On October 1st, this broker was terminated from Calton & Associates after being arrested on theft charges. Soon after, FINRA barred Chris R. Kubiak from the securities industry. This enforcement action came after an extended investigation uncovered evidence that Mr. Kubiak had unlawfully converted funds from his clients over the previous three years.

Allegations of Theft: Broker Chris R. Kubiak

The alleged misconduct in this case occurred between June of 2015 and August of 2018. After receiving a tip on its whistleblower line, FINRA investigators determined that Mr. Kubiak stole at least $270,000 from three different investors. FINRA believes that Mr. Kubiak deposited their money directly into his own personal account. The victims were all elderly investors.

Under FINRA Rule 2150, the improper use of customer funds is strictly prohibited. Without admitting or denying the theft allegations, Chris R. Kubiak consented to a permanent bar from the securities industry. Notably, the criminal charges against this broker are still pending.

Speak to an Investor Rights Lawyer Today

At Sonn Law Group, we represent investors nationwide. If you lost money because of financial advisor theft, our legal team is here to help. For a free, fully private review of your claim, please contact us today.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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