Michelle Fisher Osborne (CRD #2256998) Has Customer Dispute Disclosures on FINRA BrokerCheck

Michelle Fisher Osborne (CRD #2256998) has been the subject of disclosure events, which have recently been reported on her FINRA BrokerCheck Report. According to Michelle Fisher Osborne’s FINRA BrokerCheck report accessed on January 18, 2026, Michelle Fisher Osborne has been the subject of three customer disputes, two employment separation disclosures, and two judgment/lien disclosures. If you invested with Michelle Fisher Osborne and you have concerns about her activity, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Michelle Osborne’s FINRA BrokerCheck Report reflects three customer dispute disclosures. A summary of two recent disputes is below:

On November 24, 2025, a customer alleged that Michelle Osborne made unsuitable recommendations and violated Regulation Best Interest (Reg BI), among other allegations, involving a real estate security. The claimant seeks compensatory damages to be determined, plus other relief. The disclosure reflects the matter is pending. The arbitration forum listed is FINRA and the docket number is 25-02562, filed November 21, 2025.

On November 6, 2025, a customer alleged that Michelle Osborne made unsuitable recommendations and violated Regulation Best Interest (Reg BI), among other allegations, involving a real estate security. The claimant is requesting $389,000.00 in compensatory damages or rescission, plus other relief. The disclosure reflects the matter is pending. The arbitration forum listed is FINRA and the docket number is 25-02415, filed November 4, 2025.

BrokerCheck also reflects one additional customer dispute disclosure that was denied.

Employment Separation After Allegations

Michelle Osborne’s FINRA BrokerCheck Report reflects two employment separation disclosures. A summary of the disclosures is below:

On March 12, 2015, Michelle Osborne was discharged from Allstate Financial Services, LLC after allegations that she failed to follow the firm’s policies and procedures by obtaining blank forms pre-executed by customers and transmitting unencrypted customer information outside the firm’s network. The disclosure lists no product and includes a broker statement denying the allegations and describing her account of the circumstances.

On January 14, 2000, Michelle Osborne voluntarily resigned from Uvest Investment Services after allegations that she was under internal investigation related to the wrongful taking of property and violating industry standards of conduct. The disclosure reflects that a civil complaint was filed in Buncombe County, North Carolina, and that a temporary restraining order was issued. The disclosure also includes a broker statement indicating the matter was settled and that she agreed to pay Uvest Financial Services, Inc. $40,000.

Judgment / Lien

Michelle Osborne’s FINRA BrokerCheck Report reflects two judgment/lien disclosures. A summary of the disclosures is below:

On July 12, 2017, a civil judgment was filed against Michelle Osborne in Erie County, New York, in the amount of $22,568.48, with Yellowstone Capital LLC listed as the holder. The disclosure reflects the judgment is outstanding and includes a broker statement indicating it relates to a business loan and that she has requested a settlement.

On January 22, 2013, a tax lien was filed against Michelle Osborne in Pinellas County, Florida, in the amount of $18,446.38, with the IRS listed as the holder. The disclosure reflects the lien is outstanding and includes a broker statement indicating the IRS temporarily closed the collection case as “currently uncollectible.”

Rule summary #1

FINRA Rule 2111 requires broker-dealers and associated persons to have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer based on their investment profile. This includes understanding the risks and rewards of the investment and ensuring it aligns with the investor’s objectives and needs.

Rule summary #2

FINRA Rule 2010 requires brokers and firms to observe high standards of commercial honor and just and equitable principles of trade. Violations of other rules, unethical conduct, or misleading sales practices can fall under this broad standard of conduct.

Why this Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her BrokerCheck Report, Michelle Osborne:

• Is currently registered with Emerson Equity LLC.
• Has passed the Securities Industry Essentials (SIE), Series 7, Series 6, Series 65, and Series 63 exams.
• Has been previously registered with firms that include Cape Securities, Inc. and Newbridge Securities.

Kurta Law Can Help

If you have worked with Michelle Osborne and you have concerns about her trading practices or conduct, please contact the securities attorneys at Kurta Law. Our firm represents investors in securities arbitration against brokers and brokerage firms when their misconduct causes investor harm. Call 877-600-0098 or email info@kurtalawfirm.com for a free no-obligation consultation.

Helpful resources: Unsuitable Investments | Stockbroker Fraud

We encourage you to review Michelle Osborne’s BrokerCheck report. If you have questions about your investments, contact Kurta Law for a free consultation.