Soreide Law Group is investigating possible investor claims against securities broker Michael Knittel (also known as Michael Murray Knittel) [CRD: 3274235, Dorado Hills, CA]. Evidently, FINRA sanctioned the securities broker, who worked for Fortune Financial Services Inc. Allegedly, Knittel engaged in private securities transactions. Also, an investor filed a dispute about him. Here is a brief summary of FINRA’s allegations against Knittel.
Notably, on January 28, 2022, FINRA issued Case: 2020067053001 sanctioning Michael Knittel for infractions. Specifically, Knittel was issued a 4-month suspension as a securities broker, meaning FINRA disallowed him from maintaining an association with FINRA-member firms. Also, the financial regulator issued him a fine in the amount of $10,000. Notably, FINRA alleged that Knittel engaged in private securities transactions. Allegedly, he solicited investors for a promissory note issued by an LLC.
Also, a client of Fortune Financial Services Inc. contested Michael Knittel’s sales practices by filing a civil suit on June 1, 2020. Allegedly, Knittel made unsuitable recommendations, was negligent, and breached a contract. Supposedly, Knittel caused the client to sustain damages on direct investments. Therefore, the client asked for compensatory relief from Fortune Financial Services Inc. or Knittel in this dispute, which the firm and broker denied.
Evidently, a Wachovia Securities LLC client filed a complaint about Michael Knittel. Namely, the client alleged that Knittel sold them ARS investments, which the client believed to be safe and liquid. Because of this, the client allegedly sustained damages on auction rate securities. Therefore, on August 15, 2008, Wachovia Securities LLC settled this matter by paying the client $25,000 in damages. However, the firm and Knittel admit no liability in this settlement.
Knittel worked for Fortune Financial Services Inc. in Dorado Hills, CA, as a securities broker from January of 2015 to December of 2021.
Have you experienced damages through investing with Michael Knittel? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Michael Knittel and brokerage firms Knittel worked for deny any and all allegations of sales practice violations.
Investors potentially experienced sales practice violations by securities broker James Ward Margraf (also known as Jim Margraf) [CRD: 6517554, Springfield, Missouri], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. James Margraf worked for Center Street Securities Inc. from August 22, 2016, to December 1, 2023. See the following information to discover more about […]
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 […]
Investors potentially incurred losses because of securities broker Eric Lee Diamond (also known as Rick Diamond) [CRD: 1602991, Wellington, Florida], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Eric Diamond worked for Fidelity Brokerage Services LLC from January 10, 2007, to the present, and Strategic Advisers LLC from March 31, 2025, to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com