Michael Patrick Subject of an Investor Dispute

Michael Patrick (CRD #: 4101786), a broker registered with Ameritas Investment Company, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on September 18, 2023. Keep reading for more information. 

On July 28, 2023, investors alleged that Michael Patrick’s advisory fees, as well as fees charged by a third-party investment manager, were more than they were willing to pay. They are requesting a refund of fees due to a perceived difference in anticipated versus actual earnings from the third-party investment manager’s strategy. 

FINRA 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. If a customer is questioning fees and investment strategies, they may want to consider possible violations of this rule. 

Background Information 

Michael Patrick has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds 
• Series 7 General Securities Representative 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 nine states and is a registered investment adviser in Idaho. 

Michael Patrick has registered with the following firms: 

• Ameritas Advisory Services (CRD #: 14869) 
• Belpointe Asset Management (CRD #: 143440) 
• MML Investors Services (CRD #: 10409) 
• J.P. Morgan Securiteis (CRD #: 79) 
• Chase Investment Services Corp (CRD #: 25574) 
• Raymond James Financial Services Advisors (CRD #: 149018) 
• Raymond James Financial Services (CRD #: 6694) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Morgan Stanley (CRD #: 7556) 
• Liberty Pacific Securities (CRD #: 122341) 
• Merrill Lynch Pierce Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help

If you worked with Michael Patrick and 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 that 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.