Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Gerken (Gerken), currently associated with Thrivent Investment Management INC., has at least one disclosable event. These events include one customer complaint, alleging that Gerken recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $8,538.80 on May 12, 2026.
Client alleged unauthorized Qualified Charitable Distributions occurred due to handwriting of corrected dollar amount initials and date on corrected form not matching that of the owner. Client named two RRs in allegations. Firm\\u2019s investigation concluded RR had no knowledge of this client at the time of distribution request, nor did RR know that date and initials had been placed on the corrected form. Alleged activity occurred months prior to RR\\u2019s affiliation with the client. RRs current affiliation with the client is due to RR\\u2019s purchase of practice from other RR named in the complaint months after the date of the allegations.