Michael McIlvoy Involved in Unauthorized Trading Dispute
Michael McIlvoy (CRD #: 6393290), a broker registered with Edward Jones, allegedly conducted unauthorized trades, according to his BrokerCheck record, accessed on April 25, 2022. Keep reading to learn more about Michael McIlvoy’s conduct as a broker.
Unauthorized Trading Allegations
On January 13, 2022, an investor filed a dispute alleging that Michael McIlvoy sold shares of AT&T (T) and purchased shares of the Virtus AllianzGI Income & Growth Fund Class A (AZNAX) on November 23, 2021, without the investor’s authorization. This dispute was denied following review by the firm.
That being said, firms do not need to allow an external review before denying a dispute, and investors can still pursue FINRA arbitration after a denial.
FINRA Rule 3260
FINRA Rule 3260 requires brokers to receive investor approval before exercising trading discretion.
Michael McIlvoy has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
Michael McIlvoy is a registered broker in 22 states and a registered investment adviser in Oklahoma and Texas.
Kurta Law Can Help
If you worked with Michael McIlvoy 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.