Investors might have suffered losses due to securities broker Michael Joseph Kelley [CRD: 1021878, Winter Park, Florida], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kelley worked for LPL Financial LLC from September 8, 2009, to the present and Charter Advisory Corporation from September 30, 1999, to the present. See below to learn more about the disclosures involving Michael Kelley.
LPL Financial Investor Accused Kelley Of Unsuitable Advice And Misrepresentation
Also, an LPL Financial LLC and Charter Advisory Corporation client filed FINRA Arbitration No. 24-00468 about Michael Kelley. Primarily, the client alleged that Kelley made unsuitable recommendations and misrepresentations involving fees and investment products during the period from 2003 through 2023. For this reason, the client allegedly experienced damages on variable annuities and mutual funds. As a result, on August 26, 2025 LPL Financial LLC or Charter Advisory Corporation settled this matter by paying the client $300,000.
Michael Kelley Disclosed Unsuitable Recommendations Allegations By Mutual Service Corporation Client
Particularly, a client of Mutual Service Corporation contested Michael Kelley’s sales practices, according to a complaint dated November 10, 2003. Allegedly, Kelley made unsuitable recommendations involving the exchange of a Lincoln Benefit annuity into a John Hancock annuity. It appears that Kelley allegedly caused the client to experience damages on variable annuities. Consequently, the client sought compensation from Mutual Service Corporation or Kelley in the amount of $25,193 in this matter. However, the firm denied this complaint.
Were You Impacted By Securities Broker / Financial Advisor Kelley?
Are you concerned about investments you made through Michael Kelley? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the US. Also, our securities lawyers represent investors on a contingency fee arrangement and advance all costs. Kelley and brokerage firms Kelley worked for deny accusations of sales practice violations.
