Christopher Turean: Advisor Investigated for Alleged Misappropriation

Former Carmel, Indiana financial advisor Christopher Turean (CRD# 4779139) is under investigation by the IRS and the US Postal Service. Records provided by the Securities and Exchange Commission and the Certified Financial Planner Board of Standards show that he was previously a representative of Valeo Financial Advisors and has been sanctioned by the CFP Board. 

Mr. Turean’s SEC-maintained Investment Advisor Public Disclosure contains two disclosures. Both were filed on February 6, 2022. One concerns his ongoing investigation by the Internal Revenue Service and the United States Postal Service, which are looking into allegations regarding “misappropriation of customer funds.” The second describes his termination from Valeo Financial Advisors over allegations he misappropriated customer funds. 

On September 6, 2022, the CFP Board announced that it had permanently revoked Mr. Turean’s “right to use the CFP® certification marks.” A release by the organization explained further that the revocation followed Mr. Turean’s “failure to acknowledge receipt of CFP Board’s Notice of Investigation” into whether he “misrepresented investment products to misappropriate customer funds.” The announcement notes that Article 1.1 of the CFP Board’s Procedural Rules require the acknowledgement of receipt of such a notice. According to the CFP Board, his revocation was effective as of August 16, 2022.

According to the Securities and Exchange Commission, Mr. Turean holds 11 years of securities industry experience. Formerly based in Carmel, Indiana, he is not currently registered as an investment advisor. His registration history includes Valeo Financial Advisors (2012-2022), Hufford Advisors (Indianapolis, Indiana; 2011-2012), and Hufford Financial Advisors (Indianapolis, Indiana; 2010-2011). (Information current as of September 22, 2022.)

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