Michael McFeeley Allegedly Recommended Unsuitable Investment
Michael McFeeley (CRD #: 5505995), a broker registered with Lincoln Financial Advisors, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on July 6, 2022. If you want to know more about Michael McFeeley’s conduct as a broker, keep reading.
On March 28, 2022, an investor alleged that Michael McFeeley recommended an unsuitable oil and gas investment. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the information in their client’s profile, including the following characteristics:
- Financial goals
- Risk tolerance
- Time horizon (i.e., how long the investor plans to hold the investment)
- Investing experience
- Tax status
Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.
Michael McFeeley has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Michael McFeeley is a registered broker in 42 states, the District of Columbia, and Puerto Rico. He is also a registered investment adviser in Maryland, Pennsylvania, and Texas.
Kurta Law Can Help
If you worked with Michael McFeeley and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.