Michelle Lynn Gill (Michelle Gill) – Financial Advisor/Broker Michelle Gill Suspended from the Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Michelle Gill was a previously licensed financial advisor/broker with Paradigm Equities, Inc. FINRA reports that Michelle Gill was fined $5,000 and suspended from the securities industry for two months in June 2020.
According to FINRA Allegations:
Michelle Gill consented to the sanctions and to the entry of findings that Michelle Gill participated in private securities transactions without providing written notice to, or obtaining approval from, her member firm. The findings stated that in a Form U4 Amendment, Michelle Gill disclosed to Michelle Gill’s firm an outside business activity for a company that her husband served as the president of the board of directors for. Michelle Gill stated that she would receive no compensation related to the company, described her activity as non-investment related, and represented that her participation with the company would be limited to supporting/consulting her husband as needed. Michelle Gill caused individuals, including other registered representatives of the firm and a firm customer, to invest a total of $22,500 in a private securities offering for shares of the company that was not offered by the firm. In connection with this private offering, Michelle Gill provided information related to the company’s business and operations, discussed investment opportunities in the company, and provided subscription agreement documents to facilitate investments in the company to other firm registered representatives, customers of the firm, and other potential investors. Michelle Gill completed subscription agreements for certain investors, including for a firm customer, assisted other investors with completing their subscription agreements, and accepted funds for investments in the company and deposited those funds into its bank account. Michelle Gill met with a firm customer at his home, provided him with a subscription agreement, and assisted him with completing his subscription agreement for the offering of the company’s preferred shares.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Michelle Gill 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 Michelle Gill’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 Michelle Gill 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 6/8/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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