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Investor Alleges Michael Hamilton Failed to Follow Instructions

Dec 14, 2022 Unsuitable Investments

Michael Hamilton (CRD #: 2263524), a broker registered with UBS Financial Services, allegedly failed to follow an investor’s instructions, according to his BrokerCheck record, accessed on December 6, 2022. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On September 23, 2022, an investor alleged Michael Hamilton failed to follow instructions to “get him out” of unsuitable assets. This misconduct allegedly occurred between May 19, 2022, and the date of filing. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an outside review. Investors may be able to recover their funds by seeking out FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. An investor’s profile contains information about their risk tolerance, age, tax status, and other characteristics.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Michael Hamilton has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

Michael Hamilton is a registered broker in 26 states and a registered investment adviser in Kansas, Missouri, and Texas.

He has also worked for Citigroup Global Markets (CRD#:7059) and Dean Witter Reynolds (CRD#:7556).

Kurta Law Can Help

If you worked with Michael Hamilton 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.