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WARNING! Impending Investigation–MICHAEL E. LOGAN and BROKERS INTERNATIONAL FINANCIAL SERVICES LLC

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03
Mar

WARNING! Impending Investigation–MICHAEL E. LOGAN and BROKERS INTERNATIONAL FINANCIAL SERVICES LLC

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Michael E. Logan and Brokers International Financial Services LLC

Have you lost money with financial advisor Michael E. Logan?  We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) regarding Michael Logan, who previously worked as a financial advisor in Salt Lake City and Tooele, Utah.  FINRA alleged that Logan withdraw funds from a client’s annuity without authorization and used that money for himself.  To accomplish this and avoid detection, FINRA alleged that Logan changed the client’s address to his firm’s office address.  FINRA barred Michael E. Logan from the securities industry in December 2013, and the Utah Securities Division recently initiated a regulatory action against Logan in February 2015.

Michael Edward Logan was a financial advisor and registered representative of Brokers International Financial Services from August 2007 to March 2009, and with Securities Management and Research Inc. from March 2011 to October 2012.  Logan worked in branch offices in Salt Lake City and Tooele, Utah.

Brokerage firms like Brokers International Financial Services and Securities Management and Research have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Our attorneys have represented over one-thousand investors who have been defrauded by their financial advisor or stockbroker.  While we have offices in Denver and the Seattle area, we currently and previously represented clients in Utah.  If you have lost money with Michael E. Logan, Brokers International Financial Services, or Securities Management and Research, and want to hear about ALL legal options, please visit https://www.israelsneuman.com or call us at 720-599-3505.

Click to view FINRA AWC:  Logan FINRA AWC

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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