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Michael Lundon is the Subject of a Long-Term Bond Dispute

Michael Lundon (CRD #: 2988875), a broker registered with UBS Financial Services, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 25, 2023. Details regarding the dispute are provided below. 

On June 8, 2023, investors alleged that Michael Lundon recommended unsuitable long-term bond investments. Unsuitable investments violate FINRA Rule 2111. The investor is seeking $80,000. 

FINRA Rule 2111 – Illiquid, Long-Term Investments

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ needs. Brokers must examine their investors’ profiles to determine the suitability of a given investment. The profile includes information on the investor’s age and liquidity needs. Long-term investments are unsuitable for many investors. 

Background Information

Michael Lundon 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 Representatie Examination 
  • Series 10 General Securities Sales Supervisor – General Module Examination 
  • Series 9 General Securities Sales Supervisor – Options Module Examination 

He is a registered broker in 46 states and D.C. He is also a registered investment adviser in Florida, Ohio, Pennsylvania, and Texas. 

Michae Lundon has registered with the following firms: 

  • UBS Financial Services (CRD #: 8174) 
  • Prudential Securities Incorporated (CRD #: 7471) 

Kurta Law Can Help

If you worked with Michael Lundon and you have concerns about your investments, please contact us today at 877-600-0098 or 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 that exclusively represents investors against brokers and brokerage firms on a contingency basis. The firm only earns a fee if our securities attorneys recover money on your behalf.