Mike Terry – Financial Advisor Mike Terry Suspended from Securities Industry

Mike Terry – Financial Advisor Mike Terry Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

Mike Terry aka Mike Terry Swingle CRD #723350

Mike Terry of Clearwater, Florida was a previously licensed financial advisor/broker with J.W. Cole Financial, Inc. FINRA reports that Mike Terry was suspended for 18 months and fined $5,000 in May, 2018.

According to FINRA: Mike Terry consented to the sanctions and to the entry of findings that as a result of deteriorating financial circumstances caused in part by gambling, Mike Terry borrowed a total of $118,500 from five customers of his member firm, contrary to the firm’s policy. The findings stated that Mike Terry had a personal relationship with some of the customers and at least three of the five customers were elderly. Mike Terry borrowed a total of $96,000 of the $118,500 from one elderly couple. Mike Terry continued to gamble after receiving the loan proceeds. Of the $118,500 borrowed by Mike Terry, $102,786 remains outstanding. Mike Terry obtained the loans without the firm’s knowledge or pre-approval. The firm’s WSPs during the relevant period prohibited representatives from borrowing money from customers in any circumstances, a policy that Mike Terry acknowledged on firm attestation forms. After Mike Terry self-reported the loans to the firm, Mike Terry was terminated.

If you lost any money on investments with Mike Terry, you may be able to recover your losses. If you lost money on investments with Mike Terry 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 Mike Terry’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.

Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Mike Terry 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.  

Mike Terry, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange, Mike Terry, Mike Swingle

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