Michael Earl Reither (Michael Reither) – Financial Advisor/Broker Michael Reither Barred from Securities Industry | Recover Losses

Michael Earl Reither (Michael Reither) – Financial Advisor/Broker Michael Reither Barred from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses

Michael Earl Reither (Michael Reither) CRD #853363

Michael Reither was a previously licensed financial advisor/broker with Dominion Investor Services, Inc. and First Allied Securities, Inc. FINRA reports that Michael Reither was fined $12,604.25 and barred from the securities industry in April 2020.

According to FINRA:

Between October 31, 2014 and May 16, 2018 (“Relevant Period”), while employed as an investment advisor representative and broker-dealer agent with First Allied Securities, Inc. (“FASI”), Michael Reither engaged in dishonest or unethical conduct, by (1) failing to provide written notice to and obtain prior written approval from FASI before entering into an arrangement to borrow money from a client, and (2) failing to provide prior written notice to FASI of Outside Business Activity (“OBA”) with which Michael Reither engaged with a client.

According to Michael Reither’s BrokerCheck, Michael Reither was discharged from First Allied Advisory Services, Inc. in November 2017. Michael Reither allegedly did not comply with the Firm’s signature guarantee stamp requirements.

Goodman & Nekvasil, P.A. May Recover Investor Losses

If you lost money on investments with Michael Reither 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 Reither’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 $180 million on behalf of victimized investors. If you lost money on investments with Michael Reither 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 7/30/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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