Michael Hecht is the Subject of an Investor Dispute

Michael Hecht (CRD #: 2910046), a broker registered with LPL Financial, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 7, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations

On May 7, 2024, an investor alleged that Michael Hecht misrepresented investments, recommended unsuitable investments, and engaged in unauthorized trading. The dispute was denied but investors should know that firms can deny disputes without any external review. Investors can still recover following a denial. 

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Misrepresentation

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees.

Background Information 

Michael Hecht 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 7 General Securities Representative Examination 

He is a registered broker in 17 states and is a registered investment adviser in New Jersey. 

During his 25 years of experience, Michael Hecht has registered with the following firms: 

• LPL Financial (CRD #: 6413) 
• Private Advisor Group (CRD #: 155216) 
• 1717 Capital Management Company (CRD #: 4082) 
• UBS Financial Services (CRD #: 8174) 

Kurta Law Can Help 

If you have worked with Michael Hecht 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.