Michael Mirich Allegedly Recommended Unsuitable Investment

Michael Mirich (CRD #: 1979328), a broker registered with Center Street Securities, allegedly gave an unsuitable investment recommendation, according to his BrokerCheck record, accessed on June 26, 2023. Investors may have also engaged his services through Arete Wealth Advisors. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On April 17, 2023, an investor filed a dispute alleging that Michael Mirich made an unsuitable investment recommendation. The client seeks $100,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must examine the information contained in an investor’s profile, such as their age, risk tolerance, and tax status.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Michael Mirich 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 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Michael Mirich is a registered broker in California, Montana, Virginia, and Washington. He is also a registered investment adviser in California.

He has also worked for the following firms:

• Center Street Advisors (CRD#:169329)
• Gradient Securities (CRD#:127701)
• Gradient Advisors (CRD#:152665)
• Financial West Group (CRD#:16668)
• SII Investments (CRD#:2225)
• Foresters Equity Services (CRD#:18464)

Kurta Law Can Help

If you worked with Michael Mirich 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.