Investors potentially experienced sales practice violations due to securities broker Michael Joseph Hirthler (also known as Joe Hirthler) [CRD: 1370229, Pittston, Pennsylvania], according to publicly available information through FINRA’s BrokerCheck. Evidently, Hirthler registered with LPL Financial LLC since November 11, 1993, and with Jacobi Capital Management LLC since May 14, 2009. Below, you can discover more about the disclosures reported on Hirthler’s FINRA record and the allegations made by clients.
Hirthler Disclosed Failure To Follow Instructions Allegations By LPL Financial Client
Specifically, a client of LPL Financial contested Michael Hirthler’s sales practices by filing FINRA Arbitration No. 24-01563 on July 17, 2024. Allegedly, Hirthler failed to follow instructions with respect to the option trades in the client’s account. The client also alleged poor performance on the client’s managed portfolio. It appears that Hirthler caused the client to sustain damages on options and stocks from 2019 to 2024. Therefore, the client seeks damages from LPL Financial or Hirthler in the amount of $3,000,000.00 in this ongoing matter.
What Is An Allegation Of Failure To Follow Client Instructions Regarding Options Trading?
When a securities broker or financial advisor is accused of failing to follow a client’s instructions, it typically means the professional did not execute trades or strategies in accordance with the client’s direct or clearly stated preferences. In the context of options trading—where timing, strike prices, and risk management are especially important—this can lead to significant financial harm. For example, if a client instructs their advisor to exit an options position at a specific price point or before a specific date, and the broker fails to do so, the client may miss out on potential gains or suffer avoidable losses.
Have You Invested Through Financial Advisor / Securities Broker Michael Hirthler?
Do you have concerns or questions regarding investments you made with Michael Hirthler? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country, represents clients through a contingency fee basis, and advances all costs. Hirthler and any registered investment advisors / securities broker dealers Hirthler worked for deny accusations of sales practice violations.
