Investors Seek Over $2.2 Million in Dispute with Michael Roberts

Michael Roberts (CRD #: 4700058), a broker registered with The Strategic Financial Alliance, allegedly failed to fully disclose information to clients, according to his BrokerCheck record, accessed on June 15, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On May 9, 2025, multiple investors filed a dispute alleging that Michael Roberts recommended direct participation investments that were not suitable for their needs and investment objectives. They further alleged that he failed to make full disclosures.

The clients seek $2.235 million in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult their investor’s profile, which describes their age, risk tolerance, tax status,  and overall financial situation.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of material facts, such as an investment’s features, expenses, or potential returns.

Background Information

Michael Roberts has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

Michael Roberts is a registered broker in 12 states and a registered investment adviser in Arizona, Oregon, and Texas.

He has also worked for the following firms:

• Triad Advisors (CRD#:25803)
• Coastal Investment Advisors (CRD#:134952)
• Coastal Equities (CRD#:23769)
• Centaurus Financial (CRD#:30833)
• J P Turner & Company Capital Management (CRD#:124446)
• J.P. Turner & Company (CRD#:43177)
• Brookstreet Securities Corporation (CRD#:14667)
• Raymond James Financial Services (CRD#:6694)
• Carter and Carter Financial (CRD#:141218) 

Kurta Law Can Help

If you worked with Michael Roberts 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 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.