Michael Collins – Financial Advisor/Broker Michael Collins Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Michael Collins CRD #2915653
Michael Collins was a previously licensed financial advisor with Kingsbury Capital, Inc. According to Michael Collins’ CRD, Michael Collins was suspended from the securities industry for five months and fined $10,000 in November 2019.
According to FINRA Allegations:
Michael Collins consented to the sanctions and to the entry of findings that Michael Collins participated in private securities transactions totaling approximately $200,000 without providing prior notice to Michael Collins’ member firm. The findings stated that Michael Collins solicited individuals to invest in membership units of a limited liability company organized to operate a new restaurant in Chicago, Illinois. Although the firm had approved Michael Collins and his father’s own investment in the limited liability company, the firm prohibited Collins from soliciting any other investors. Some of the investors, solicited by Michael Collins to invest in the membership units of the limited liability company, were customers of his firm. The restaurant opened and closed approximately nine months later. Michael Collins also failed to disclose the participation on his annual compliance attestations. Prior to the events at issue here, the firm issued Michael Collins a Letter of Education warning him that he could not participate in private securities transactions without authorization. The Letter of Education related to an instance where Michael Collins forwarded to a firm customer an email relating to an outside investment in a separate restaurant.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Michael Collins and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Michael Collins’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Collins and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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