Charles Edward Krsek (also known as Chuck Krsek) of The Villages Florida a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Krsek provided unsuitable recommendations to the customer as it pertained to the purchase of a business development company (BDC) investment during the time that he was registered with Cetera Advisors. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02807 (June 11, 2021).

This is not the first time an investor complained about Krsek’s sales practices at a securities broker dealer. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Krsek’s activities in which they requested $148,926.00 in damages supported by accusations that Krsek failed to supervise a stockbroker of MetLife Securities resulting in unsuitable equities transactions.

FINRA Public Disclosure additionally shows that Krsek has been fined $7,500.00 and suspended from associating with any FINRA member in any capacity based on findings that Krsek allowed for a stockbroker to maintain a joint account with a customer, and Krsek failed to undertake reviews of that account. Letter of Acceptance Waiver and Consent No. 2010021224803. According to the AWC, Krsek violated FINRA Rule 2010 and NASD Rule 2110.

Krsek was registered with Cetera Advisors between March 31, 2014, and December 18, 2017.

Tags: ,

Comments are closed.