Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker S. Michael Helal (Helal), currently associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one customer complaint, alleging that Helal 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 $231,000.00 on May 05, 2020.
The customer alleged that the registered representative misrepresented the investment strategy of a managed account offered by an unaffiliated registered investment advisor when a referral was made to the unaffiliated advisor.