RedFlags, Allegations and Complaints against MICHAEL ERNEST SPEARS
Disclosure #1 for MICHAEL SPEARS
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- eventDate: 5/16/2006
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Closed-No Action
- Disclosure Detail :: Allegations: THE CLIENT ALLEGED THAT THE ADVISOR INFORMED HIM THAT A STOCK CONVERSION FROM MARCH 2005 WAS GOING TO TAKE PLACE BUT IT DID NOT.THE CLIENT CLAIMED A LOSS OF APPROXIMATELY $6,000.00
- Damage Amount Requested: $6,000.00
- Arbitration Docket Number:
- Broker Comment: THE FIRM FOUND THE PROXY MATERIALS RELATING TO THE MERGER WERE SENT TO THE CLIENT’S ADDRESS OF RECORD. THE CLIENT WAS AWARE OF THE PENDING MERGER BUT DID NOT TAKE ACTION TO FACILITATE THE TRANSACTION BY THE REQUIRED DATE. THE ADVISOR ATTEMPTED TO MAKE THE TRANSACTION, HOWEVER IT WAS TOO LATE. THE CASE WAS CLOSED AS UNJUSTIFIED.
Should I file a FINRA complaint against brokers like MICHAEL ERNEST SPEARS?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by MICHAEL ERNEST SPEARS’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About MICHAEL ERNEST SPEARS
What is MICHAEL SPEARS’s Central Registration Depository (CRD) Number?
Which firm is MICHAEL ERNEST SPEARS associated with?
COMMONWEALTH FINANCIAL NETWORK
Where is MICHAEL SPEARS located?
2906 Hull Road, Kinston, NC, 28504
Where can I find more details about MICHAEL SPEARS’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/8032 to read a detailed report for COMMONWEALTH FINANCIAL NETWORK
Are there any disclosures, allegations or complaints filed against MICHAEL ERNEST SPEARS?
Where can I download a detailed FINRA report for MICHAEL SPEARS?
Is it safe to do business with MICHAEL ERNEST SPEARS?
We’re not sure. Please research MICHAEL SPEARS’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:43 am
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