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Michael Fahsholtz Embroiled in Three Pending Disputes

Mar 16, 2022 Excessive Trading

Michael Fahsholtz (CRD #:2057306), a broker formerly registered with Stifel, Nicolaus & Company, Incorporated, is involved in three pending disputes, according to his BrokerCheck record, accessed on March 2, 2022. 

Investor Allegations

In 2021, 2020, and 2019 Michael Fahsholtz was involved in similar pending investor disputes. The allegations include violation of the Securities Act of Washington, violation of Washington’s Consumer Protection Act, breach of fiduciary duty, unsuitable investment recommendations, failure to supervise, negligence, breach of contract, and common law fraud. The investors are seeking $255,791, $100,000, and $500,000 respectively.

Settled Disputes 

Seven investor disputes have collectively settled for approximately $171,500. 

Denied Dispute

On April 9, 2019, Michael Fahsholtz was named in an investor dispute alleging churning, mismanaging a client’s accounts, and poor investment recommendations. The investor was seeking $325,000; however, the firm denied the case. Investors should know that they can still pursue FINRA arbitration and recover their losses following a denial.

Background Information

Michael Fahsholtz has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Besides Stifel, Nicolaus & Company, Incorporated, Michael Fahsholtz has also worked with the following firms:

  • Wells Fargo Advisors (CRD#:19616)
  • Wells Fargo Investments (CRD#:10582)
  • Mcdonald Investments (CRD#:566)
  • Banc Of America Investment Services (CRD#:16361)
  • BA Investment Services (CRD#:12965)
  • Seafirst Investment Services (CRD#:17411)
  • PNMR Securities (CRD#:19061)
  • GNA Securities (CRD#:10465)
  • Piper, Jaffray & Hopwood Incorporated (CRD#:665)

Kurta Law Can Help

If you have been victimized after working with Michael Fahsholtz, don’t hesitate to contact us today at 877-600-0098 or 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 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.