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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.

Investor Dispute

On March 28, 2022, an investor alleged that Michael McFeeley recommended an unsuitable oil and gas investment. This dispute is currently pending.

Energy investments are often unsuitable because they involve a high degree of risk. 

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:

  • Age
  • 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.

Background Information

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 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. 

 

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