Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 29, 2019 indicate that former Michigan-based Center Street Securities broker/adviser Steven Moerdyk, who has received a customer dispute, was recently sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Moerdyk (CRD# 1421358).
Steven Moerdyk has spent 30 years in the securities industry and was most recently registered with Center Street Securities in Grand Rapids, Michigan (2009-2018). Previous registrations include Kalos Capital in Grand Rapids, Michigan (2005-2009); USA Financial Securities in Ada, Michigan (2000-2005); Ameritas Investment Corporation in Lincoln, Nebraska (1998-2000); WMA Securities in Duluth, Georgia (1994-1998); Pruco Securities Corporation in Newark, New Jersey (1994); Lutheran Brotherhood Securities in Minneapolis, Minnesota (1993-1994); and Amerivest Securities Corporation (1985-1990). He has passed six securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on October 26, 2010; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 14, 1993; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on March 13, 2006; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on April 14, 1993; and Series 22 (Direct Participation Programs Representative Examination), which he obtained on July 16, 1985. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and was recently sanctioned by FINRA.
In November 2018 FINRA sanctioned him in connection to allegations he willfully failed to timely amend his disclosure form in connection to 13 tax liens, totaling more than $564,200, filed by the Internal Revenue Service and the state of Michigan. He was issued a fine of $5,000 and a five-month suspension.
In 2015 a customer alleged Steven Moerdyk, while employed at Kalos capital, recommended unsuitable transactions, acted negligently, omitted material facts, and breached his fiduciary duty in connection to the solicitation of the sale of Behringer Harvard and TNP Vulture products. The complaint settled for $25,000.
If you or someone you know has a complaint regarding Steven Moerdyk, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.