Larry Michaels (CRD #: 4351477), a broker registered with Crown Capital Securities, is involved in an investor dispute over mutual funds, according to his BrokerCheck record, accessed on January 28, 2021. There is another disclosure on his record that investors should note.
On December 1, 2020, an investor alleged that Larry Michaels did not make them aware of redemptions associated with their mutual fund positions. Because of this, they allegedly missed out on market gains. The investors sought $10,000; the dispute settled for $24,300.
On September 30, 2013, an investor alleged that Michaels recommended unsuitable investments in the form of REITs and partnership investments. The investor sought $325,000; the dispute settled for $200,000.
Larry Michaels has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 24 General Securities Principal Examination. Larry Michaels is a registered broker in California and Ohio and a registered investment adviser in California.
During his 19 years of experience, Michaels has worked at the following firms:
- JP Turner & Company Capital Management (CRD #: 124446)
- JP Turner & Company (CRD #: 43177)
- Crown Capital Securities (CRD #: 6312)
- New England Securities Corporation (CRD #: 615)
- Pruco Securities Corporation (CRD #: 5685)
- Prudential Securities (CRD #: 7471)
If Larry Michaels was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.