Michael Lickiss Facing Arkadios Capital Investor Arbitration Claims Re: Breach Of Fiduciary Duty

Investors have reportedly disputed the sales practices of securities broker Michael Jerome Lickiss Jr. [CRD: 5135936, Danville, California], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Michael Lickiss worked for Purshe Kaplan Sterling Investments from July 3, 2024, to January 13, 2025; Arkadios Capital from December 6, 2021, to July 5, 2024; and Investment Architects Inc. from May 25, 2006, to January 3, 2022. Particularly, Lickiss voluntarily resigned from Purshe Kaplan Sterling Investments. The firm reported that Lickiss’s father is alleged to have issued promissory notes to investors. Promissory notes are the subject of the following investor disputes. See the following information to learn more about Lickiss’s disclosures.

Arkadios Capital Investor Accused Lickiss Of Unauthorized Transaction

Notably, on May 15, 2025, an Arkadios Capital client filed FINRA Arbitration No. 25-00977 about Michael Lickiss. Primarily, the client alleged that Lickiss sold fictitious notes. For this reason, the client allegedly sustained damages. Therefore, the client requested $350,000 in compensation from Arkadios Capital or Lickiss. It appears that this arbitration is pending a resolution.

Michael Lickiss Disclosed Sales Practice Violation Allegations By Arkadios Capital Client

Additionally, a client of Arkadios Capital contested Michael Lickiss’s sales practices by filing FINRA Arbitration No. 25-01782 on August 25, 2025. Allegedly, Lickiss sold fictitious notes that were not associated with Arkadios Capital. It appears that Lickiss caused the client to sustain damages connected to promissory notes and government bonds. As a result, the client seeks compensation from Arkadios Capital or Lickiss in the amount of $11,000,000 in this ongoing matter.

Arkadios Capital Investor Accused Lickiss Of Selling Fake Promissory Notes

Also, on May 6, 2025, an Arkadios Capital client filed Case: C25-00835 about Michael Lickiss. Mainly, the client alleged that Lickiss sold fictitious promissory notes unrelated to Arkadios Capital. Because of this, the client allegedly sustained damages relating to government bonds and promissory notes. Consequently, the client requested $10,000 in compensation from Arkadios Capital or Lickiss. It appears that this arbitration is pending a resolution.

Michael Lickiss Disclosed Failure To Supervise, Breach Of Fiduciary Duty Allegations By An Arkadios Capital Client

Notably, a client of Arkadios Capital disputed Michael Lickiss’s sales practices by filing FINRA Arbitration No. 25-00435 on April 4, 2025. Allegedly, Lickiss failed to supervise, breached his fiduciary duty, and was negligent. It appears that Lickiss caused the client to sustain damages associated with government bonds and promissory notes. Therefore, the client seeks compensation from Arkadios Capital or Lickiss in the amount of $2,700,000 in this ongoing matter.

Arkadios Capital Investor Accused Lickiss Of Negligence

Also, on March 24, 2025, an Arkadios Capital client filed FINRA Arbitration No. 25-00583 about Michael Lickiss. Primarily, the client alleged that Lickiss was negligent and breached his fiduciary duty. For this reason, the investor allegedly incurred damages connected to corporate bonds. As a result, the client requested unspecified compensatory damages over $5,000 from Arkadios Capital or Lickiss. It appears that this arbitration is pending a resolution.

Did You Sustain Losses Because Of Financial Advisor / Securities Broker Michael Lickiss?

Do you have concerns or questions regarding investments you made with Michael Lickiss? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Lickiss and brokerage firms Lickiss worked for deny allegations of sales practice violations.