Micheal Preston Taylor (CRD #5608019) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Micheal Preston Taylor (CRD #5608019) is a broker with one customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 29, 2026. It reflects one customer dispute. If you invested with Micheal Taylor and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Micheal Taylor’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On March 8, 2026, a customer alleged Micheal Taylor failed to disclose information about an investment. The customer sought $18,000 in damages. Micheal Taylor FINRA BrokerCheck lists the product as a structured product. U.S. Bancorp Advisors, LLC denied the complaint on April 24, 2026. The disclosure says the complaint was written and was not arbitration, civil litigation, or a CFTC reparation.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker should weigh the customer’s profile, risks, costs, and needs before recommending a product.

Rule Summary #2: FINRA Rule 2210 (Communications with the Public)

FINRA Rule 2210 requires broker communications to be fair and balanced. It also says firms may not omit key facts when an omission would make a statement misleading.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Micheal Taylor:

Is currently registered with U.S. Bancorp Advisors, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Micheal Taylor has passed Series 7. He has also passed Series 65 and Series 63.

Was previously registered with firms that include U.S. Bancorp Investments, Inc. and First Republic Securities Company, LLC.

Kurta Law Can Help

If you worked with Micheal Taylor and have concerns, Kurta Law may be able to review your options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors. The firm helps hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. An attorney can review the facts and explain possible next steps.