What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: October 9, 2017

Did you or someone you know lose money with Ellen Vratoric, a former registered broker with Huntington Investment Company? If so, the attorneys at Stoltmann Law Offices are interested in hearing from you. Ms. Vratoric has failed to respond to an investigation against her by the Financial Industry Regulatory Authority (FINRA). She was terminated from Huntington in March 2016 after allegations surfaced that she had an increase in customer complaints, that she had signed but undated variable annuity forms, and that the document had been whited-out and re-used. These are all against securities laws and internal firm rules and regulations. A brokerage firm such as Huntington has a duty to reasonably supervise its registered brokers, and, if it does not, can be held liable for investment losses. This can be done in the FINRA arbitration forum on a contingency fee basis.

According to her online, public record with FINRA, Ms. Vratoric was previously registered with Spectrum Securities Corp in Mayfield Heights, Ohio from October 1993 until April 1997, Independent Financial Securities from May 1997 until August 1998, Liberty Securities Corp in Purchase, New York from August 1998 until January 1999, Natcity Insurance Services in Cleveland, Ohio from January 1999 until December 2001, LPL Financial in Monroeville, Pennsylvania from April 2007 until March 2008 and The Huntington Investment Company in Glassport, Pennsylvania from March 2008 until March 2016. She has one customer dispute against her alleging that she transferred $43,000 into a variable annuity without the client’s permission, did not disclose that it could lose value, did not inform the client about the need to take a required minimum distribution from the annuity, and did not disclose that selling back CDs before maturity would result in penalties. She is not currently registered as a broker.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys