Michael Frager is the Subject of Two Six-Figure Disputes

Michael Frager (CRD #: 1230622), a broker registered with Willow Cove Investment Group, is the subject of a new investor dispute. This is according to his BrokerCheck record, accessed on April 9, 2024. Concerned investors should keep reading. 

Investor Allegations 

On January 8, 2024, an investor alleged that Michael Frager recommended an unsuitable investment. The investor is seeking $125,000. 

There are similar allegations dated November 4, 2022. That investor is also seeking $125,000. 

Investors should know that there are nine other investor disputes on his record. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Michael Frager has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 99TO Operations Professional Examination 
• Series 52TO Municipal Securities Representative Examination 
• Series 6TO Investment Company Products Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination
• Series 7 General Securities Representative Examination
• Series 27 Financial and Operations Principal Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in Florida, Nevada, Oregon, and Texas. He is a registered investment adviser and broker in California. 

During his 38 years of experience, he has registered with 14 firms. These are the five most recent: 

• Willow Cove Investment Group (CRD #: 107824) 
• Balboa Wealth Partners (CRD #: 282329) 
• Integrity Brokerage Services (CRD #: 117589) 
• Centaurus Financial (CRD #: 30833) 
• Independent Financial Group (CRD #: 7717) 

Kurta Law Can Help 

If you have worked with Michael Frager and have concerns about your investments, do not hesitate to contact us 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 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.