Investment Advisor Christopher Turean allegedly Misappropriated Customer Funds  

The Certified Financial Planner Board of Standards, Inc. (CFP Board) announced this week public sanctions against several representatives including reportedly Christopher Turean of Fishers, Indiana. In July 2022, the CFP Board reportedly permanently revoked Turean’s right to use the CFP® certification marks after he allegedly failed to acknowledge a “Notice of Investigation.”  

The CFP Board was reportedly investigating allegations that Turean allegedly misrepresented investment products to misappropriate customer funds. Turean’s administrative revocation was effective as of August 16, 2022.  

According to Turean’s Investment Adviser Public Disclosure, he is also allegedly under investigation by the Internal Revenue Service and the US Postal Service for “misappropriation of customer funds.”   

Valeo Financial Advisors reportedly discharged Turean on February 6, 2022 for the above allegations. Turean was reportedly affiliated with the following investment advisors during his career in the securities industry:  

 09/21/2012 – 02/09/2022, VALEO FINANCIAL ADVISORS, LLC (CRD#:127132), CARMEL, IN,   

IA, 11/15/2011 – 08/16/2012, HUFFORD ADVISORS, LLC (CRD#:159363), INDIANAPOLIS, IN  

IA, 10/18/2010 – 11/15/2011, HUFFORD FINANCIAL ADVISORS, LLC (CRD#:109191), INDIANAPOLIS, IN  

Potential Lawsuits to Recover Investment Losses  

The White Law Group is investigating potential securities claims involving broker Christopher Turean and the liability his employers may have for failure to properly supervise him.          

When brokers abuse client accounts or conduct transactions that violate securities laws, such as making unauthorized trades or making unsuitable investments, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.       

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.         

If you are concerned about investments with Christopher Turean, the securities attorneys of The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.     

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington.     

For more information on The White Law Group, visit www.WhiteSecuritiesLaw.com.