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Michael Siek Allegedly Recommended Unsuitable Investment

Michael Siek (CRD #: 2072767), a broker registered with Dominari Securities, allegedly gave unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 7, 2024. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On October 17, 2024, an investor alleged that Michael Siek made unsuitable investment recommendations. This dispute is pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must consult the investor’s profile, which contains information about their tax status, age, risk tolerance, and investing experience.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Tax Lien

On September 17, 2024, Michael Siek incurred a $40,679.69 tax lien.

Background Information

Michael Siek has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Michael Siek is a registered broker in 45 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands.

He has also worked for the following firms:

  • Aegis Capital Corporation (CRD#:15007)
  • Spencer Trask Ventures (CRD#:28373)
  • Laidlaw Equities (CRD#:19018)
  • T.R. Winston & Company (CRD#:10571)
  • Lehman Brothers (CRD#:7506)

Kurta Law Can Help

If you worked with Michael Siek 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. 

 

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