Michael Edward Magill (Michael Magill) Financial Advisor/Broker Michael Magill Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Michael Magill was a previously licensed financial advisor/broker with Foreside Fund Services, LLC, Crossroads Capital Distributors and Janus Distributors LLC. According to FINRA, Michael Magill was barred from the securities industry in December 2020.
According to FINRA:
In December 2018, while registered with Foreside, Magill participated in private investments away from his firm to three investors who were not customers of the firm. It turned out that the issuer’s notes were not legitimate investments and the three investors lost their entire investment. Magill participated in the transactions, totaling $700,000, without first providing written notice to his firm. Magill thereby violated FINRA Rules 3280 and 2010.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Michael Magill 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 Magill’s 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 $200 million on behalf of victimized investors. If you lost money on investments with Michael Magill 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.
Some of the information in this blog post was obtained on 12/8/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.