Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lancaster (Lancaster), previously associated with Edward Jones, has at least one disclosable event. These events include one tax lien, alleging that Lancaster recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 09, 2024.
Without admitting or denying the findings, Lancaster consented to the sanction and to the entry of findings that he refused to produce written information and documents requested by FINRA in connection with its investigation surrounding his termination from his member firm. The findings stated that this matter originated from FINRA’s review of a Form U5 filed by Lancaster’s firm stating that he was discharged due to concerns he did not adhere to the firm’s complaints policy.
