In April, 2013, FINRA filed a complaint against broker David Mickelson, alleging that he established and operated the Micro Pipe Fund. Mickelson owned Micro Pipe Capital Management, LLC, and Mickelson Investment Management, LLC, which managed the fund. FINRA alleges that David Mickelson solicited investments in the fund and was in violation of FINRA rules which require a broker to obtain his firm's permission to sell investments that are not sold by the firm. It is alleged that David Mickelson did not disclose to NFP Securities that he was involved with the fund and did not obtain its required authorization. This is called "selling away." In violation of the FINRA rules, Mickelson allegedly raised $8.3 million for the fund. Mickelson was registered with NFP Securities, Inc., March, 2004 until May, 2011 at Oceanside, California.
If you invested in the Micro Pipe Fund with David Mickelson you may be able to recover your losses. Soreide Law Group, PLLC, represents clients nationwide before FINRA. Call for a free consultation with an attorney at 888-760-6552.
Soreide Law Group is investigating potential investor claims involving Cambridge Investment Research following a FINRA disciplinary action concerning Unit Investment Trust (UIT) recommendations. In April 2026, FINRA censured Cambridge Investment Research after finding supervisory deficiencies involving certain UIT recommendations made to retail clients. Investors who incurred excessive fees, unnecessary costs, or other damages associated with […]
Soreide Law Group is investigating potential investor claims involving Infinity Financial Services after FINRA sanctioned the firm for supervisory failures involving deferred variable annuity exchanges and recommendations. Investors who incurred surrender charges or other losses in connection with variable annuity transactions recommended through Infinity should review the allegations that led to FINRA's disciplinary action against […]
Soreide Law Group is investigating potential investor claims involving losses in NextGenTech Investments LLC, a private fund managed by Sestante Capital LLC that purported to provide investors with economic exposure to shares of private companies, including Anduril Industries. Recent criminal proceedings involving Sestante Capital's manager have raised significant concerns regarding the offering, the representations made […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com