Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial advisor Michael Nielson (Nielson), currently associated with IFP Securities, LLC and Independent Financial Partners, has at least one disclosable events. These events include one customer complaints alleging that Nielson recommended unsuitable investments in different investment products.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $150,000 on August 17, 2023.
Client alleges Mr. Neilson improperly recommended a high risk, high commission illiquid alternative investment, namely, GWG Holdings, Inc. and that Mr. Neilson misrepresented the investment to them and that it was inconsistent with their financial situation and needs, investment objectives and their risk tolerance.
