WARNING! Impending Investigation–MICHAEL E. DONNELLY and COASTAL EQUITIES, INC.
Michael E. Donnelly and Coastal Equities, Inc.
Have you lost money with financial advisor Michael E. Donnelly? We are investigating recent allegations made against Michael E. Donnelly by his former brokerage firm, Coastal Equities Inc. Michael Donnelly was recently fired by Coastal Equities on September 2, 2014 after the firm alleged that Donnelly was misappropriating money from his customers. Donnelly was also barred from the securities industry by FINRA (the Financial Industry Regulatory Authority) after Donnelly failed to respond to requests for information by FINRA in connection with its investigation of Donnelly’s alleged theft of customer funds.
Michael Donnelly was a financial advisor and registered representative of Coastal Equities from October 2009 to September 2014. He worked at a Wilmington, Delaware branch office.
Broker-dealers like Coastal Equities have a duty to supervise the conduct of their financial advisors. If a broker-dealer like Coastal Equities fails to adequately supervise their advisors and representatives, the broker-dealer may have liability for customer losses. If you have lost money through Michael E. Donnelly and Coastal Equities and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.
Click here to see FINRA AWC regarding Michael E. Donnelly: Donnelly FINRA AWC
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