Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Mcnicholas (Mcnicholas), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Mcnicholas recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on December 14, 2024.
A former client who is the ex-husband of the client, alleged that Advisor’s client violated the terms of their marital separation agreement and misappropriated funds from their daughter. Advisor was not alleged to have taken any funds; however, it was alleged that Advisor failed to notify the daughter of the alleged misappropriation after taking instructions from the account holder, his client, in July 2024.