Investors have reportedly disputed the sales practices of securities broker Michael Laine [CRD: 1244072, El Segundo, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Michael Laine worked for LPL Financial LLC from September 8, 2009, to May 5, 2026, before registering with Purshe Kaplan Sterling Investments and PKS Advisory Services LLC on April 10, 2026. Investors should continue reading to discover more about disclosures involving Michael Laine.
Specifically, a client filed a complaint about Michael Laine. Mainly, the client alleged that Laine failed to follow instructions by not verbally confirming withdrawals with the client. For this reason, the client allegedly incurred damages on stocks. Therefore, on December 6, 2025 LPL Financial LLC settled this matter by paying the client $105,500.
Particularly, a client of Associated Securities Corp. contested Michael Laine’s sales practices by filing NASD Arbitration No. 96-01536. Allegedly, Laine made misrepresentations and failed to supervise certain representatives in connection with the client’s account. It appears that Laine allegedly caused the client to experience damages. As a result Associated Securities Corp. agreed to settle the matter on August 15, 1996, by compensating the client.
Do you have questions or concerns regarding investments you made with Michael Laine? Get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the US. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Laine and brokerage firms Laine worked for deny accusations of sales practice violations.
Financial Industry Regulatory Authority sanctioned securities broker Arthur Craigg McRae [CRD: 4697209, Williamsville, New York], given the public information found on BrokerCheck. McRae worked for Wells Fargo Advisors Financial Network LLC from August 1, 2014, to October 3, 2024. Investors are encouraged to continue reading to discover more about McRae’s disclosures. FINRA Suspended And Fined […]
Financial Industry Regulatory Authority (FINRA) sanctioned securities broker Michael Stephen Schoolcraft [CRD: 6375300, Lisle, Illinois], based on public information on BrokerCheck. Schoolcraft worked for MML Investors Services LLC from May 17, 2016, to May 1, 2026. Read on to find out more about Schoolcraft’s disclosures. MML Terminated Michael Schoolcraft Over Personal Loans MML Investors Services […]
Securities broker Patrick Michael Carroll [CRD: 2676119, Cadillac, Michigan] has disclosures including a regulatory action and investor complaint, according to Financial Industry Regulatory Authority (FINRA) BrokerCheck records. Carroll joined Centaurus Financial Inc. as a securities broker on September 20, 2006, and as a financial advisor representative on June 24, 2010. The disclosures described below include […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com