Investors reportedly complained about securities broker Michael Alexander Lackwood Jr. [CRD: 4742917, Rockaway, New Jersey], according to disclosures on FINRA BrokerCheck. Evidently, Lackwood worked for Oppenheimer Co. Inc. from September 6, 2011, to July 12, 2018, and APW Capital Inc. from August 10, 2018, to April 30, 2020. Read on to discover more about the disclosures involving Lackwood and his former clients.
Particularly, on February 5, 2025, a Spring Delta Asset Management client filed a complaint about Michael Lackwood. Primarily, the client alleged that Lackwood gave unsuitable advice about leveraged exchange-traded funds and options. For this reason, the client allegedly sustained damages. As a result, the client requested $351,089.00 in compensation from Spring Delta Asset Management or Lackwood.
Additionally, a client of Spring Delta Asset Management disputed Michael Lackwood’s sales practices, according to a complaint. Allegedly, Lackwood engaged in unsuitable trading that resulted in losses on options. Consequently, Spring Delta Asset Management opted to settle the matter on November 1, 2023, by compensating the client in the amount of $80,000.00.
Also, a client filed a complaint about Michael Lackwood. Mainly, the client alleged that Lackwood made misrepresentations and engaged in unauthorized trading relating to options. Therefore, on April 12, 2023, Spring Delta Asset Management settled this matter by paying the client $27,500 in damages.
Specifically, a client of Oppenheimer Co. Inc. contested Michael Lackwood’s sales practices by bringing FINRA Arbitration No. 19-01308. Allegedly, Lackwood engaged in unsuitable trading, failed to follow instructions to sell, and made misrepresentations. Supposedly, Lackwood also acted negligently and breached his fiduciary duty. As a result, the client sustained damages connected to stocks and options. Consequently, Oppenheimer Co. Inc. opted to settle the matter on September 30, 2020, by compensating the client in the amount of $115,000, of which Oppenheimer Co. Inc. paid $90,000 and Lackwood personally contributed $25,000.
Do you need clarification on any investment losses relating to Michael Lackwood? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Lackwood and brokerage firms Lackwood worked for deny allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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