Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Coyne (Coyne), currently associated with First Trust Portfolios L.p., has at least 14 disclosable events. These events include 14 customer complaints, alleging that Coyne recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $125,000.00 on September 12, 2024.
Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.
