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Investors Seek Over $3 Million in Damages in Disputes with Michael Dellinger

Michael Dellinger (CRD #: 4558550), a broker registered with UBS Financial Services, allegedly made misrepresentations regarding an investment strategy, according to his BrokerCheck record, accessed on December 26, 2022. If you have questions about his alleged conduct as a broker, keep reading.

Investor Disputes

Three pending disputes, filed from 2019-2022, allege that Michael Dellinger made misrepresentations and unsuitable recommendations to invest in and hold an options overlay strategy during a collective time frame of 2016-2022. These disputes seek a total of $3.38 million in damages.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise unethical tactics to influence the purchase or sale of securities. Misrepresenting an investment’s requirements, limitations, or other features violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consider a client’s age, tax status, and other characteristics described in the investor’s profile when recommending investments.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Michael Dellinger has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination
  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

Michael Dellinger is a registered broker in 28 states and a registered investment adviser in Texas.

He has also worked for Morgan Stanley & Company (CRD#:8209).

Kurta Law Can Help

If you worked with Michael Dellinger 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.