What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: August 25, 2015

Stoltmann Law Offices is investigating Michael John Bombardier, a former broker with KCD Financial. Bombardier is accused of selling away, altering a customer document and failing to adequately disclose surrender charges associated with a variable annuity replacement. While Bombardier was registered with Southeast Investments in Colchester, Vermont, in 2014, he engaged in selling away practices, which is when an investment advisor recommends and sells a security that is not offered by his member firm. This is done to garner large commissions for the broker. It is against securities rules and regulations. He also submitted applications to a carrier without his home office approval. In 2012, Bombardier was fired from Woodbury Financial Services, also in Colchester, after allegations surfaced that he altered a document and failed to adequately disclose surrender charges associated with a variable annuity replacement.

Michael John Bombardier was registered with Franklin Financial Services Corp in Houston, Texas from January 1988 until October 2002, American General Securities Inc. in Colchester, Vermont from October 2002 until May 2007, Woodbury Financial Services in Colchester from May 2007 until March 2012, Southeast Investments in Colchester from March 2012 until July 2014 and KCD Financial in DePere, Wisconsin from August 2014 until September 2014. He is not currently licensed within the industry.

If you invested money with Michael John Bombardier, you may be entitled to recover some of your investment losses by suing his former firm, KCD Investments, in the FINRA arbitration forum. KCD Investments had a duty to reasonably supervise him while he was employed with them, and, because they did not, can be held liable for investment losses. Our number is 312-332-4200 and we are a securities law firm based in Chicago, Illinois. Please do not delay in contacting us, as many of the cases we deal with have a statute of limitations. The call is free with no obligation. We take cases on a contingency fee basis only.


The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.


Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys