Spencer Reed Huggett (CRD #4538364, Roslyn, South Dakota)

Spencer Reed Huggett (CRD #4538364, Roslyn, South Dakota)

September 9, 2024 – An AWC was issued in which Huggett was fined $5,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Huggett consented to the sanctions and to the entry of findings that he falsified the electronic signatures of customers on account documents. The findings stated that Huggett electronically signed, with prior permission, the names of 13 customers on a total of 29 account documents. Two of the customers were seniors. The documents signed by Huggett, which included new account applications and move money forms, were required books and records of his member firm. As a result, Huggett caused the firm to maintain inaccurate books and records. None of the customers complained and the transactions were authorized. In addition, Huggett falsely attested to the firm in compliance questionnaires that he had not signed or affixed another person’s signature on a document. The suspension is in effect from October 7, 2024, through December 6, 2024. (FINRA Case #2022075290601) If you have suffered losses as a result of Spencer Reed Huggett's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Spencer Reed Huggett. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.