Eric John Zebrauskas of Carmel Indiana a stockbroker formerly employed by Summit Brokerage Services Inc. has been discharged on October 3, 2018 supported by accusations of Zebrauskas causing a customer to furnish signed but blank documents to effect investment transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that this is not the first time that Zebrauskas has been terminated from a FINRA member brokerage firm based upon allegations of Zebrauskas’ misconduct. Particularly, Zebrauskas was discharged by Securities Service Network Inc. supported by accusations that Zebrauskas engaged in outside business activities which had neither been disclosed to the firm nor authorized by the firm. Zebrauskas was then fined $5,000.00 and suspended by FINRA based upon findings of Zebrauskas engaging in outside business activities without having notified the firm or procured its approval; conduct which FINRA found to be violative of FINRA Rules 2010 and 3270. Letter of Acceptance Waiver and Consent No. 2013036613701 (Nov. 8, 2016).
FINRA Public Disclosure also confirms that Zebrauskas has been identified in two customer initiated investment related disputes containing allegations of his misconduct while employed with Summit Brokerage Services. Specifically, on December 16, 2016, a customer filed an investment related complaint concerning Zebrauskas’ conduct where the customer sought damages estimated to exceed $5,000.00 founded on accusations that unauthorized investment transactions had been executed in the customer’s account; the customer was placed in unsuitable mutual fund and equity products; and the customer had been charged excessive fees on the investment transactions. Moreover, on July 6, 2018, a customer initiated investment related complaint regarding Zebrauskas’ conduct was resolved for $290,907.00 supported by allegations that Zebrauskas inappropriately advised the customer to purchase an annuity.
Zebrauskas has been registered with TCFG Wealth Management LLC since October 9, 2018.
