Michael Sims – Customer Disputes Filed Involving Financial Advisor/Broker Michael Sims | Goodman & Nekvasil, P.A. May Recover Investor Losses
Michael Sims CRD #1034180
Michael Sims is a previously licensed financial advisor/broker with Wedbush Securities, Inc.
According to Michael Sims’ CRD, customer disputes has been filed alleging sales practice violations against Michael Sims:
Customer Dispute 8/13/19: Client represents excessive trading, inappropriate investments, mismanagement of account, excessive commissions and lack of supervision. This customer dispute is pending and seeks $250,000 in damages.
Customer Dispute 1/18/19: On behalf of the Clients, attorney sent the firm a demand letter to resolve a potential Statement of Claim which would have alleged the following: Unsuitability, Breach of Fiduciary Duty of Loyalty, Negligence, Negligent Misrepresentation, Breach of Contract, Material Omissions and Misrepresentations in Connection with the Sale of Securities, Fraud and Deceit based on Concealment and Violations of Federal statutes, California laws and FINRA Rules and Regulations Regarding the Sale of Securities. This customer dispute was settled for $702,600.
Customer Dispute 7/13/18: On July 13, 2018, during a conversation with the FA, Client stated she was unhappy with the losses in her account and she wanted to be made whole. This customer dispute was settled for $26,604.71
Customer Dispute 6/27/08: Client alleges unsuitable investment recommendations, excessive commissions and excessive trading during the period May 2005 through May 2008. This customer dispute was settled for $10,000.
If you lost any money on investments with Michael Sims, you may be able to recover your losses. If you lost money on investments with Michael Sims and believe that 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 Sims’ 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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Sims 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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