MICHAEL ALEXANDER LACKWOOD JR, (MICHAEL ALEXANDER LACKWOOD, MICHAEL A LACKWOOD), according to the SEC’s website, was previously registered as a broker and is currently registered as an investment advisor with SPRING DELTA ASSET MANAGEMENT, LLC of New York, NY, since 8/10/2020. Previously, he was registered as an advisor with AURORA PRIVATE WEALTH INC (APW), from 08/10/2018 - 04/30/2020. MICHAEL A LACKWOOD, has 20 years of experience in the securities industry and has been listed with 9 firms.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, MICHAEL A LACKWOOD has 4 disclosures on his FINRA CRD report. Of the four disclosures, three are settled “Customer Disputes” and one is an “Employment Separation after Allegations” from MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. of New York dated 8/2/2011. Lackwood was “discharged” from Merrill Lynch, following the allegations of, “CONDUCT IN CONNECTION WITH LOANS MADE BY CERTAIN CLIENTS SERVICED BY THE REGISTERED REPRESENTATIVE TO OTHER MERRILL LYNCH CLIENTS AND TO THIRD PARTIES THAT WERE PAID FROM LOAN MANAGEMENT ACCOUNTS OPENED BY CLIENTS SERVICED BY THE REGISTERED REPRESENTATIVE AT MERRILL LYNCH.”
The “Customer Dispute” dated 5/13/2019 settled for $115,000.00. The allegations against MICHAEL A LACKWOOD were, “Client Alleges that her former financial advisor did not follow her instructions to sell. Claimant alleges unsuitability and misrepresentations related to allegedly risky and speculative securities. Claimant additionally alleges that an order to sell was not complied with. Claimant further alleges negligence, breach of fiduciary duty, fraud and fraudulent concealment. From 1/1/2014 to 6/30/2018.”
On 2/11/2022 a dispute settled against MICHAEL A LACKWOOD for $27,500.00. The allegations were, “4/15/2021 client deposited $50000 to account. 9/29/2021 account balance $709. Client alleges misrepresentation and trading errors on behalf of representative.”
Also listed on MICHAEL A LACKWOOD’s FINRA CRD report is a dispute dated 3/30/2023. The dispute settled for $80,000.00, following the allegations of, “Client alleges losses due to trading errors on options strategies.”
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