Chad Daniel Hornaday, of Carlsbad, California, a stockbroker formerly registered with AXA Advisors, LLC, has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Chad had failed to provide FINRA with information concerning Hornaday’s business activities. Letter No. 2016051227501 (May 1, 2017).
FINRA Public Disclosure reveals that AXA Advisors, LLC terminated Hornaday’s securities registration on August 31, 2016, following the firm’s internal investigation into allegations that Chad had entered into a loan arrangement with a customer of the firm and effected an investment transaction outside of the firm’s auspices.
Moreover, on June 28, 2017, a customer filed an investment related written complaint involving Hornaday’s conduct, where the customer requested $453,000.00 in damages based upon allegations the Chad had engaged in selling away, soliciting loans from the customer, embezzling the customer’s funds through unregistered and bogus securities transactions, and making unsuitable investment recommendations to the customer.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
