Investors have come forward with complaints about securities broker Michael Joseph Distler (also known as Mike Distler) (CRD: 6130680, Crystal City, Missouri). Evidently, the securities broker, who worked for National Planning Corporation, discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Notably, National Planning Corporation clients allege that Distler made unsuitable recommendations, breached a fiduciary duty, and was negligent. For more on these disclosures about Distler, see below.
Distler Disclosed Unsuitable Advice Allegations By National Planning Corporation Client
Particularly, a client of National Planning Corporation contested Michael Distler’s sales practices by filing FINRA Arbitration: 20-02151. Allegedly, Distler provided unsuitable advice, breached a fiduciary duty, and was negligent. It appears that Distler caused the client to sustain damages on BDC (business development company) products. Therefore, National Planning Corporation opted to settle the matter on August 25, 2020, by compensating the client in the amount of $7,500.
Michael Distler Disclosed Breach Of Fiduciary Duty Allegations By National Planning Corporation Client
Also, a National Planning Corporation client filed FINRA Arbitration: 18-01309 about Michael Distler. Namely, the client alleged that Distler breached a fiduciary duty, made unsuitable recommendations, and failed to supervise certain representatives. Because of this, the client allegedly sustained damages on real estate securities and insurance products. Therefore, on June 1, 2018, National Planning Corporation settled this matter by paying the client $9,999 in damages.
Distler worked for National Planning Corporation as a securities broker from 2013 to 2017. He has also worked for Kalos Capital, Kalos Management, and AE Wealth Management LLC. He has worked for Madison Avenue Securities LLC July 2022.
Did National Planning Corporation Securities Broker Michael Distler Cause You To Experience Damages?
Did you suffer damages because of broker Michael Distler? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a skilled securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for investors within all 50 states, represents clients on a contingency fee basis and advances all costs. Distler and brokerage firms Distler worked for deny all accusations of sales-related misconduct.
