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Michael Dean Allegedly Failed to Follow Investor’s Instructions

Michael Dean (CRD #: 6406677), a broker registered with Northwestern Mutual Investment Services, was involved in a recent dispute, according to his BrokerCheck record, accessed on December 5, 2022. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On September 26, 2022, an investor alleged that Michael Dean failed to follow his instructions to transfer investments in his account to cash. The client sought $50,000 in damages but the dispute was denied by the firm.

Investors should know, however, that firms don’t need to permit an external review before denying a dispute. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate FINRA Rule 2010. 

Background Information

Michael Dean has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Michael Dean is a registered broker in 24 states and the District of Columbia.

Kurta Law Can Help

If you worked with Michael Dean and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.