What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: June 20, 2016

Stoltmann Law Offices is investigating Michael Foote, a registered representative with Client One Securities in Manhattan, Kansas. Foote has been the subject of at least four customer complaints. These complaints allege securities law violations that include making unsuitable investment recommendations and misrepresentations among other claims. Many of the complaints involve direct participation products (DPPs) and private placements including non-traded real estate investment trusts (REITs), variable annuities, and other alternative investments. A broker has a duty to recommend only those products that are suitable for clients. He must take into account the client’s age, net worth, investment objectives and sophistication. If he does not, his firm can be responsible for losses. Please call our securities law firm to find out more by speaking to an attorney for free. Our number is 312-332-4200 and attorneys are standing by.

Foote was registered with Intersecurities Inc. in St. Petersburg, Florida from February 1994 until November 1999, SII Investments in Salina, Kansas from November 1999 until March 2007, Broker Dealer Financial Services in Manhattan, Kansas from February 2007 until December 2009 and Sterne Agee Financial Services in Manhattan, Kansas from January 2010 until August 2011. He is currently registered with Client One Securities in Manhattan, and has been since August 2011. He has four customer disputes against him, one of which is currently pending.

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