Herbert Messick: $100K Complaint Against Quantum Econometrics Broker

Whittier, California broker and financial advisor Herbert Messick (CRD# 332656) allegedly breached his fiduciary duty to a customer, according to a pending investor complaint. Financial Industry Regulatory Authority records show that he is a representative of Quantum Econometrics, offering securities through Cetera Advisor Networks.

Filed in March 2022, the pending investor complaint disclosed in Mr. Messick’s BrokerCheck report alleges that as a representative of Cetera Advisor Networks, he breached his fiduciary duty in relation to investments in common and preferred stock. (For reference, the fiduciary standard requires financial advisors to place the client’s interests above their own, fully disclose conflicts of interest, and operate in good faith and with loyalty to the customer; this is similar to but distinct from the suitability standard that applies to brokers.) The pending complaint alleges damages of $102,546.46

According to the Financial Industry Regulatory Authority, Herbert Messick holds 51 years of securities industry experience. Based in Whittier, California, he is a representative of Quantum Econometrics, offering securities through Cetera Advisor Networks, where he has been registered since 1983. His past registrations include Travelers Equity Sales (1973-1983), University Securities Corporation (1979-1983), the Variable Annuity Life Insurance Company (1971-1973), and the Variable Annuity Marketing Company of Florida (1970-1971). His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Registered Representative Examination, or Series 1; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, Arizona, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Massachusetts, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, and Wyoming. (Information current as of May 17, 2022.)

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