Former Ameritas Broker Kristian Gaudet Barred for Converting Client Funds

Stoltmann Law Offices is investigating misconduct reported by FINRA alleging that Kristian Gaudet of Cut Off, Louisiana, utilized customer funds for personal use. According to his publicly available FINRA BrokerCheck Report, FINRA initiated an investigation into Mr. Gaudet on November 30, 2018 based on suspicions that Mr. Gaudet was involved in potentially fraudulent activities. Only a few weeks later, Mr. Gaudet was terminated by Ameritas Investment Corp., alleging Mr. Gaudet used client funds for personal use. Finally, on January 24, 2019, FINRA barred Mr. Gaudet for failing to appear for  on-the-record testimony in connection with the allegations he used client funds for personal use.  Pursuant to FINRA Rule 8210, if FINRA requests a broker sit for on the record testimony (called an OTR) and the broker either refuses or simply does not show up, it can be grounds for being permanently barred from the securities industry.  FINRA also cited Mr. Gaudet for…

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