Investors apparently complained about securities broker Michael Joseph Kane III [CRD: 5099883, Sherman, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kane worked for Hilltop Securities Inc. from August 21, 2020, to June 13, 2023, Momentum Independent Network Inc. from May 1, 2023, to September 4, 2025, and LPL Financial LLC beginning September 4, 2025. Investors should continue reviewing the information below to discover more about the disclosures involving this broker.
Notably, on April 26, 2024, a Hilltop Securities Inc. client filed a complaint about Michael Kane. Primarily, the client alleged that Kane made unsuitable recommendations and misrepresentations. Because of this, the client allegedly sustained damages involving structured products. As a result, the client requested $203,343 in compensation from Hilltop Securities Inc. or Kane. The complaint was ultimately denied and closed on June 13, 2024.
Also, a client of Hilltop Securities Inc. contested Kane’s sales practices by filing FINRA Arbitration No. 22-01562. Allegedly, Kane made misrepresentations, omissions of material information, and unsuitable recommendations. It appears that Kane allegedly caused the client to experience damages related to corporate bonds and structured notes. Consequently, Hilltop Securities Inc. opted to settle the matter on October 24, 2023, by compensating the client in the amount of $80,000.
Evidently, on October 7, 2018, a BBVA Securities Inc. client filed a complaint about Kane. Mainly, the client alleged that Kane made misrepresentations. For this reason, the client allegedly experienced damages linked to brokered CDs. Therefore, the client requested $235,000 in compensation from BBVA Securities Inc. or Kane. However, the firm denied this complaint.
Particularly, a client of BBVA Securities Inc. disputed Kane’s sales practices, according to a complaint. Allegedly, Kane made misrepresentations. It appears that Kane allegedly caused the client to sustain damages relating to CDs. As a result, BBVA Securities Inc. opted to settle the matter on March 17, 2017, by paying the client $11,259.
Do you have concerns or questions regarding investments you made with Michael Kane? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Kane and brokerage firms Kane worked for deny accusations of sales practice violations.
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