Michael Gibson Subject of a Suitability Dispute

Michael Gibson (CRD #: 4423740), a broker registered with Fidelity Brokerage Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 15, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 29, 2024, an investor alleged that Michael Gibson made unsuitable recommendations. 

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 Gibson has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 17 states and D.C. He is a registered investment advisor in California and Texas. 

During his 22 years of experience, Michael Gibson has registered with eight firms. These are the four most recent: 

• Fidelity Brokerage Services (CRD #: 7784) 
• Fidelity Personal and Workplace Advisors (CRD #: 288590) 
• Strategic Advisers (CRD #: 104555) 
• Principal Funds Distributor (CRD #: 43261) 
• Raymond James Financial Services Advisors (CRD #: 149018) 

Kurta Law Can Help 

If you have worked with Michael Gibson and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.