Michael B Kislin (CRD #2784360) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Michael B Kislin (CRD #2784360) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on March 5, 2026. It reflects one customer dispute. If you invested with Michael B Kislin and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Michael Kislin’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 3, 2026, a customer alleged Michael Kislin breached a fiduciary duty tied to an investment strategy in the customer’s account. The customer said the strategy was not aggressive enough for the period 2023–2025. Michael Kislin’s FINRA BrokerCheck lists the product as Other: Managed/Wrap Accounts. It lists alleged damages as $0 and the amount as unspecified. The report lists the matter as pending.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. It also requires the recommendation to fit the customer’s profile. Disputes about an account strategy can raise questions about suitability.

Rule Summary #2: FINRA Rule 2090 (Know Your Customer)

FINRA Rule 2090 requires reasonable diligence to know the essential facts about each customer and the account. Those facts help shape the customer’s objectives and constraints. Complaints can question whether the strategy matched that information.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Michael B Kislin:

Is currently registered with Morgan Stanley.

Has passed the Securities Industry Essentials (SIE), Series 31, Series 7, Series 66, and Series 63.

Was previously registered with firms that include J.P. Morgan Securities LLC and Chase Investment Services Corp..

Kurta Law Can Help

If you have worked with Michael Kislin and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud?

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.