According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Tyson Palyka, a former registered representative with JJB Hilliard, was accused of engaging in discretionary trading when he effected securities transactions in the account of three customers. Allegedly, Mr. Palyka used discretion on an undetermined number of occasions to effect transactions in the two accounts of a customer between March 2013 and September 2015. Between May 2015 and September 2015, he also allegedly used discretion on an undetermined number of occasions to effect transactions in the five accounts held by husband and wife customers. And finally, allegedly, between August 2013 and September 2015, Palyka used discretion on an undetermined number of occasions to effect transactions in the account of a separate customer. These are all against securities rules and regulations. For these, he was suspended for 20 business days and fined $5,000.
Mr. Palyka was registered with Hantz Financial Services in Ann Arbor, Michigan from October 2005 until January 2013 and JJB Hilliard, WL Lyons in Trenton, Michigan from December 2012 until October 2015. He has one customer dispute against him and one criminal disposition. He is not licensed within the industry. Please call us today at 312-332-4200 to speak to one of our attorneys about bringing a claim against JJB Hilliard in order to recover your financial losses with Tyson Palyka on a contingency fee basis. The call is free with no obligation, so please call today.