Michael Biggs The Focus Of Equitable Advisors LLC Investor Complaint About Misrepresentation

Investors might have sustained losses due to securities broker Michael Vernon Biggs (also known as Mike Biggs) [CRD: 1697481, Clarksville, Tennessee], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Biggs worked for Equitable Advisors LLC since January 18, 2008. Investors are encouraged to continue reading to find out more about the disclosures involving this securities broker.

Mike Biggs Disclosed Misrepresentation Allegations By Equitable Advisors Client

Notably, a client of Equitable Advisors LLC contested Biggs’ sales practices, according to a complaint dated November 11, 2025. Allegedly, Biggs made misrepresentations concerning variable universal life insurance policies. It appears that Biggs allegedly caused the client to sustain damages connected to those life insurance products. As a result, the client sought compensation from Equitable Advisors LLC or Biggs in this matter. However, the firm denied this complaint.

Equitable Advisors Investor Accused Michael Biggs Of Unsuitable Recommendations

Specifically, a client filed a complaint about Michael Biggs. Primarily, the client alleged that Biggs made unsuitable recommendations. Because of this, the client allegedly incurred damages associated with mutual funds. Therefore, on October 5, 2021, Equitable Advisors settled this matter by paying the client $125,000 in damages.

Wachovia Securities Investor Accused Mike Biggs Of Misrepresentation

Particularly, a client filed a complaint about Michael Biggs. Mainly, the client alleged that Biggs made misrepresentations by indicating that an annuity carried a guaranteed interest rate, which influenced the client’s decision to invest. For this reason, the investor allegedly sustained damages pertaining to variable annuities. Consequently, on December 5, 2008, Wachovia Securities LLC settled this matter by paying the client $75,000 in damages.

Were You Impacted By Financial Advisor / Securities Broker Michael Biggs?

Do you have concerns or questions regarding investments you made with Michael Biggs? You should contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the US. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Biggs and brokerage firms Biggs worked for deny any allegations of sales practice violations.