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Michael Coyne Embroiled in 13 Investor Disputes

Michael Coyne (CRD #: 4674176), a broker registered with First Trust Portfolios, has racked up 13 customer disputes in under two months. This is according to his BrokerCheck record, accessed on July 29, 2024. Details concerning these disputes are provided below. 

Investor Allegations 

On June 17, 2024, an investor alleged that Michael Coyne recommended unsuitable equity-linked notes. The investor is seeking $500,000. 

Another dispute, dated June 14, 2024, also involved equity-linked notes. The investor is seeking $125,000. 

Yet another from June 12, 2024, is seeking $3.7 million in an equity-linked note dispute. 

The other investor disputes are collectively seeking millions of dollars and all allege misconduct involving equity-linked notes. 

What are Equity-Linked Notes? 

Equity-linked notes are complex investments that may come with high fees. 

Background Information 

Michael Coyne has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 31 – Futures Managed Funds Examination
  • Series 7 General Securities Representative Examination  

He is a registered broker in Arizona, California, Illinois, and Nevada. He is a registered investment adviser in Illinois. 

During his 14 years of experience, he has registered with four firms: 

  • First Trust Portfolios LP (CRD #: 28519) 
  • First Trust Advisors (CRD #: 107027) 
  • Goldman, Sachs & Co. (CRD #: 361) 
  • Morgan Stanley Smith Barney (CRD #: 149777) 

Kurta Law Can Help 

If you have worked with Michael Coyne and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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