Michael Hyser Subject of Atlas Growth Partners Dispute

Michael Hyser (CRD #: 2322261), a broker registered with Kestra Investment Services, is facing an investor dispute, according to his BrokerCheck record, accessed on August 2, 2023. Keep reading for more information.

On April 28, 2023, investors alleged that Michael Hyser recommended unsuitable investments. The Broker Comment section of this disclosure states that this dispute involved Atlas Growth Partners, an oil and gas drilling operation and an alternative investment. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. 

Some common violations of this rule include:

• Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor. Energy investments are always high risk. 
• Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

Background Information 

Michael Hyser 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 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 26 Investment Company Products/ Variable Contracts Principal Examination 

He is a registered broker in 21 states and is a registered investment adviser in Georgia and Texas. 

Michael Hyser has registered with the following firms: 

• NFP Advisor Services (CRD #: 42046) 
• ING Financial Partners (CRD #: 2882) 
• Prudential Financial Planning Services (CRD #: 5685) 
• Pruco Securities (CRD #: 5685) 

Kurta Law Can Help

If you worked with Michael Hyser 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.