Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on December 17, 2016 indicate that Pennsylvania-based Vanderbilt Securities broker/adviser Eric Korhut recently resigned from a prior employer. The attorneys at Fitapelli Kurta are interested in speaking to investors who have complaints regarding Mr. Korhut (CRD# 3199787).
Eric Korhut has spent seventeen years in the securities industry and has been registered with Vanderbilt Securities in Johnstown, Pennsylvania since November 2016. Previous registrations include Ameriprise Financial Services in Johnstown, Pennsylvania (1999-2016) and IDS Life Insurance Company in Minneapolis, Minnesota (1999-2006). He is a registered broker and investment adviser with two US states: Maryland and Pennsylvania.
According to his BrokerCheck report, Eric Korhut has received one denied customer complaint and recently resigned from a former employer.
In August 2016 Eric Korhut was “permitted to resign” from Ameriprise Financial Services “while under suspension for compliance policy violations related to; code of conduct, unauthorized trading, use of discretion in non-discretionary accounts, and responding to supervision.”
In 2004 a customer alleged Eric Korhut, while employed at American Express Financial Advisors, failed to contact her to arrange a meeting, resulting in excessive investment losses. The customer sought $5,000 in damages in the complaint, which was denied.
According to FINRA rules, investment professionals like Eric Korhut are prohibited from “Purchasing or selling securities in a customer’s account without first contacting the customer and receiving the customer’s authorization to make the sale or purchase, unless the broker has received from the customer written discretionary authority to effect transactions in the account or the broker was given discretion as to price and time.” Brokers who exercise discretion without proper authorization may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with or have complaints regarding Eric Korhut, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on a contingency basis: that is, Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.