Investors File Disputes About Michael Ovitt

Soreide Law Group is investigating possible investor claims against securities broker Michael Ovitt [CRD#: 1012040, Williamsville, New York]. Specifically, FINRA BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for firms including Wells Fargo Advisors. Evidently, one or more clients allege sales practice violations in these disputes, including unauthorized transactions. Here is a brief summary of the disclosures about Ovitt. However, please note that the securities broker denies the allegations.

Wells Fargo Advisors Client Accuses Ovitt Of Unauthorized Transactions

Evidently, on June 25, 2019, a Wells Fargo Advisors client filed a complaint about Michael Ovitt. Specifically, the client alleged unauthorized transactions. Because of this, the client allegedly sustained damages relating to purchases or sales of Allied Motion stock ("AMOT"). Therefore, on February 25, 2020, Wells Fargo Advisors settled this matter by paying the client $48,800.

Michael Ovitt Allegedly Misled Wachovia Securities Client

Also, a client of Wachovia Securities contested Michael Ovitt's sales practices, according to a complaint dated April 30, 2009. Notably, the broker supposedly misled the client. Allegedly, Ovitt caused the client to sustain damages. Therefore, the client requested compensatory relief from Wachovia Securities or Ovitt. However, the firm and broker denied this matter on May 21, 2009.

Damages Resulting From Wells Fargo Advisors Securities Broker Michael Ovitt?

Have you experienced damages by investing with Michael Ovitt? 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 successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Ovitt and the brokerage firms Ovitt has associated with deny any and all allegations of sales practice violations.