One or more investors possibly experienced losses because of securities broker Michael Jeffrey Rea [CRD: 4768423, Williamsville, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Rea has worked for Equitable Advisors LLC since May 15, 2007, as a broker and since May 16, 2008, as an investment adviser. Read below to learn more about the disclosures involving Rea and his activities as reported on BrokerCheck.
Notably, on June 24, 2025, an Equitable Advisors LLC client filed FINRA Arbitration No. 25-01129 about Michael Rea. The client alleged that Rea misrepresented three variable annuities between 2018 and 2023. Allegedly, he failed to disclose surrender charges and fees. The claim also alleged unsuitable advice. Consequently, the investor allegedly incurred damages. For this reason, the client requested $200,000 in compensation from Equitable Advisors LLC or Rea. This arbitration is pending a resolution.
Specifically, a client of AXA Advisors LLC disputed Michael Rea’s sales practices, according to a complaint. Allegedly, Rea omitted information about annuity contracts and failed to disclose contracts to the clients after purchases. It appears that Rea caused the clients to sustain damages linked to variable annuities. As a result, AXA Advisors LLC opted to settle the matter on March 7, 2012, by compensating the clients totaling $41,652.65.
Do you need clarification on any investment losses relating to Michael Rea? If so, contact 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 helps to recover losses for investors throughout the country. The firm also takes cases by a contingency fee arrangement and advances all costs. Rea and brokerage firms Rea worked for deny accusations referenced in public disclosures.
Investors apparently complained about securities broker Rainer Rudi Hohlbein (also known as Rainer Rudi Hohlbeim) [CRD: 1282146, Verona, Wisconsin], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hohlbein worked for LPL Financial LLC from October 11, 2011, to October 13, 2021. See the following information to find out more about the disclosures involving […]
Investors potentially incurred losses because of securities broker Timothy Richard Farris [CRD: 2178521, West Bloomfield, Michigan], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Farris worked for Sigma Financial Corporation from May 15, 2015, to December 17, 2021, SPC from November 15, 2021, to December 17, 2021, and Cetera Advisors […]
Investors potentially experienced sales practice violations by securities broker Christopher Daniel Tully [CRD: 870889, New Rochelle, New York], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Christopher Tully worked for Oppenheimer Co. Inc. from February 17, 2009, and has remained registered with the firm since November 18, 2011. Read on for […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com