Michael D Bird (CRD #5100115) Has a Customer Dispute Disclosure on FINRA BrokerCheck
Michael D Bird (CRD #5100115) has been the subject of disclosure events, which have recently been reported on his FINRA BrokerCheck Report. According to Michael D Bird’s FINRA BrokerCheck report accessed on January 18, 2026, Michael D Bird has been the subject of one customer dispute. If you invested with Michael D Bird and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Investor Disputes / Customer Complaints
Michael Bird’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:
On November 20, 2025, a customer alleged that unauthorized withdrawals were permitted to be made from her account by her husband and that she was not communicated with to confirm the transactions. The employing firm listed on the disclosure is Principal Securities, Inc. The product type listed on the disclosure is No Product, and the alleged damages are $0.00. The disclosure reflects the complaint is pending; the report notes the complaint letter did not make a specific claim for damages, demanded that the client be made financially whole, and the firm could not make a good faith determination that the damages are less than $5,000.
Rule summary #1: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)
FINRA Rule 2150 generally prohibits member firms and associated persons from making improper use of a customer’s securities or funds. In matters involving alleged unauthorized withdrawals or misuse of customer funds, this rule is frequently implicated.
Rule summary #2: FINRA Rule 3110 (Supervision)
FINRA Rule 3110 requires firms to establish and maintain a supervisory system that is reasonably designed to achieve compliance with applicable securities laws and FINRA rules. Supervision obligations are especially important where customer account activity involves withdrawals or other transactions that should be confirmed and properly authorized.
Why this Matters to Investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background Information (from BrokerCheck)
Based on his BrokerCheck Report, Michael Bird:
- Is currently registered with Cambridge Investment Research Advisors, Inc. and Cambridge Investment Research, Inc.
- Has passed the Securities Industry Essentials (SIE), Series 7, Series 66, and Series 63 exams.
- Was previously registered with firms that include Principal Securities, Inc. and Edward Jones.
Kurta Law Can Help
If you have worked with Michael Bird and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Unauthorized Trading | Stockbroker Theft
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