Bill Alfons Holubec, of San Angelo, Texas, a stockbroker formerly registered with Royal Alliance Associates, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $500,000.00 in damages supported by allegations that Holubec effected unsuitable transactions in the customer’s account and made misrepresentations to the customer concerning non-traditional exchange traded funds and sub-investment grade debt products. FINRA Arbitration No. 17-00068 (Jan 9, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that a customer initiated investment related written complaint involving Holubec’s conduct was settled for $49,750.00 in damages based upon accusations that Holubec allocated the customer’s variable annuity sub-accounts in a manner that was not suitable for the customer.
Holubec was no longer associated with Royal Alliance Associates, Inc. as of May 1, 2017.
Guiliano Law Group
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