DID RONALD WILLIAM HUMENNY CAUSE YOU INVESTMENT LOSSES?
About Ronald Humenny of Creative Planning?
Ronald Humenny (CRD #2099076) , located in Troy, Michigan, has extensive experience in financial advising, with his career spanning over three decades. He was the President and Compliance Officer of Starfire Investment Advisers, Inc. for nearly 30 years before joining Creative Planning in 2020. Mr. Humenny specializes in wealth management and financial planning for individual and institutional clients.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Humenny Customer Complaints and Reviews
Ronald Humenny has one reported event, involving a customer dispute:
- Customer Dispute (2004):
- Complaint: The plaintiffs alleged unauthorized securities purchases, investment recommendations inconsistent with their needs, and losses in capital due to the advice provided.
- Product Types: Equity securities and mutual funds.
- Details: The dispute arose during Mr. Humenny’s tenure at Starfire Investment Advisers, Inc.
- Outcome: The case was settled on November 29, 2004, for $150,000. Mr. Humenny denied the allegations, stating the plaintiffs had signed a non-discretionary investment management agreement and instructed a concentrated investment strategy. The settlement was made to avoid prolonged litigation costs.
Allegations Against Ronald Humenny
The plaintiffs alleged that Mr. Humenny executed unauthorized trade and provided recommendations misaligned with their financial goals, leading to capital losses. These allegations pertained to equity investments and mutual funds.
Mr. Humenny refuted the claims, asserting that the plaintiffs had instructed the investment strategy and declined diversification.
The case was settled to mitigate the costs and risks of extended litigation. No wrongdoing was committed, and the settlement amount was $150,000, with no personal financial contribution by Mr. Humenny.
Ronald Humenny Employment History
Firms Worked For:
- Creative Planning, Inc., Troy, Michigan (2020–2024)
- Starfire Investment Advisers, Inc. , Southfield, Michigan (1991–2020)
Exams Passed:
- Series 65 (March 16, 1995). He holds the Certified Financial Planner (CFP) and Personal Financial Specialist (PFS) designations and has passed the Series 65 Uniform Investment Adviser Law Examination.
Professional Designations: CFP and PFS credentials.
- Employment History: Nearly 30 years as President and Compliance Officer at Starfire Investment Advisers, overseeing compliance and client relations.
- Registration Status: Not currently registered as an investment advisor representative.
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors have a fiduciary duty to prioritize the best interests of their clients. This involves full transparency regarding conflicts of interest, clear communication of the mechanics and risks associated with investments, and diligence in aligning strategies with client objectives. The fiduciary standard ensures that advisors act with integrity and competence, fostering trust and safeguarding clients’ financial well-being. Adherence to these principles is crucial for maintaining ethical standards and avoiding disputes, as it mitigates the risk of misunderstandings or misaligned expectations.
Option Trading Can Be Extremely Risky
Options trading can be high-risk due to its leverage and speculative nature. Strategies like selling naked puts or calls expose investors to potentially unlimited losses if market conditions shift unfavorably. For instance, a naked call strategy involves selling call options without holding the underlying asset, creating significant loss potential if the asset’s price increases dramatically. Advisors must thoroughly assess a client’s risk tolerance and financial capacity before engaging in options strategies. Proper disclosure and education are critical to ensuring clients understand the risks and rewards associated with these complex financial instruments.
Ronald Humenny Red Flags & Your Rights As An Investor
Of course, Ronald Humenny did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Ronald Humenny has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Ronald Humenny
If you have questions about about Creative Planning and/or Ronald Humenny and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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