Investors potentially incurred losses because of securities broker Michael Cheng Ning (also known as Makoto Ning) [CRD: 1229733, Scottsdale, Arizona], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Ning worked for Arque Capital, Ltd. from December 21, 2005, to June 16, 2023. Continue reading to find out more about the disclosures involving Ning.
Particularly, on June 4, 2025, FINRA initiated Case: 2024081111301 against Michael Ning. FINRA alleged that Ning failed to provide documents and information requested by FINRA during its investigation into whether certain securities recommendations made by his firm’s representatives were in the best interests of investors. Consequently, FINRA intends to sanction Ning.
According to the complaint, Ning served as President, CEO, and custodian of records for Arque Capital, Ltd., formerly known as Quantum Leap Securities LLC. In November and December 2024, FINRA sent requests for documents and information to Ning concerning recommendations of certain securities to investors of two former representatives. Ning received the requests but did not respond or provide the materials. FINRA alleged that the information sought was material to determining whether the firm or its representatives violated securities laws or FINRA rules.
FINRA contends that Ning’s failure to produce the requested documents violated FINRA Rules 8210, 4570(b), and 2010, which require cooperation with regulatory requests. The case remains pending before the FINRA Office of Hearing Officers.
Notably, a client of Arque Capital disputed Michael Ning’s sales practices by filing FINRA Arbitration No. 22-01967. Allegedly, Ning breached his fiduciary duty, breached a contract, was negligent, and violated state and federal securities laws. It appears that Ning caused the client to sustain damages associated with alternative investments. Therefore, Arque Capital opted to settle the matter on May 9, 2023, by compensating the client in the amount of $230,208.89.
Do you need clarification on any investment losses relating to Michael Ning? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. For years, 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. Ning and brokerage firms Ning worked for deny allegations of sales practice violations.
Investors potentially experienced sales practice violations by securities broker Kerrie Lynn Best [CRD: 2834846, Spring Hill, Florida], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kerrie Best worked for Raymond James Associates Inc. beginning August 9, 2006, as a securities broker and beginning August 10, 2006, as a financial advisor. Investors […]
Investors potentially incurred losses because of securities broker Cooper Morgan Carden [CRD: 6902893, Hoover, Alabama], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Cooper Carden worked for Northwestern Mutual Investment Services LLC from December 10, 2019, to March 17, 2026. See below to find out more about the securities broker’s disclosures. Northwestern Mutual […]
Investors might have sustained losses due to securities broker Michael Owen Barry [CRD: 2690041, New Orleans, Louisiana], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Michael Barry has been registered with Stifel Nicolaus Company in New Orleans, Louisiana, since July 7, 2015, as both a broker and financial advisor. Investors are encouraged to […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com