Investor Alleges Misrepresentation in Dispute with Michael Kinkel

Michael Kinkel (CRD #: 5947093), a broker registered with David Lerner Associates, allegedly engaged in misrepresentation, according to his BrokerCheck record, accessed on May 24, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On March 28, 2023, an investor alleged that Michael Kinkel engaged in misrepresentation and gave poor investment recommendations and/or advice. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent methods to influence investors’ decisions. Misrepresenting an investment’s potential returns, fees, or other relevant information violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the information in the investor’s profile, such as their risk tolerance, tax status, and other investments.

These requirements apply to the overall investment strategy as well as the investments themselves. For example, overconcentration of securities in a particular stock or sector can expose an investor to an unsuitable degree of risk.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Michael Kinkel has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

Michael Kinkel is a registered broker in 18 states.

Kurta Law Can Help

If you worked with Michael Kinkel 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.