NEW YORK CITY, NY

The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by FINRA against Michael Solomon, who had worked with Maxim Group in New York City. In June 2023, Solomon was indefinitely suspended by FINRA because he did not respond to a FINRA investigation.

The FINRA suspension began on June 23, 2023 after Michael Solomon failed to respond to an investigation initiated by FINRA. BrokerCheck discloses that if he does not respond by September 5, 2023, he could be permanently barred. FINRA does not disclose why the investigation was started. In addition to this investigation, he has been the subject of seven customer complaints during his 33 years in the industry.

Michael G. Solomon had been licensed with Maxim Group from August 2011 to April 2023 in New York City. He was licensed with five other firms prior to Maxim Group.

Stockbrokers like Michael Solomon must comply with FINRA’s investigation or face punishment under FINRA Rule 8210. Likewise, brokerage firms have obligations to sufficiently monitor their advisors’ conduct under Rule 3110.

View Solomon, m BrokerCheck 7.12.23

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