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Michael Haddigan Allegedly Sold Unsuitable Investments to Client

Michael Haddigan (CRD #: 4814523), a broker registered with Kovack Securities, allegedly sold unsuitable investments, according to his BrokerCheck record, accessed on May 4, 2023. Investors may have also engaged his services through Kovack Advisors. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on February 21, 2023, an investor alleged that Michael Haddigan sold him unsuitable investments. The client seeks $75,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must use the information in an investor’s profile, such as their risk tolerance, age, and tax status.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Michael Haddigan has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Michael Haddigan is a registered broker in 14 states and a registered investment adviser in Florida.

He has also worked for Invest Financial Corporation (CRD#:12984) and Intersecurities (CRD#:16164).

Kurta Law Can Help

If you worked with Michael Haddigan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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. 

 

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