Victor Michel, Financial Advisor Barred from Securities Industry and Fired by Financial West Group | Goodman & Nekvasil P.A, May Recover Investor Losses

Goodman & Nekvasil P.A, May Recover Investor Losses | Victor Michel, Financial Advisor Barred from Securities Industry and Fired by Financial West Group

From 2011 until 2012 and again from 2014 until Victor Michel’s discharge in 2016, Victor Michel was licensed with Financial West Group. Victor Michel was also licensed with Securities America, Inc. According to FINRA records Victor Michel was discharged from February 12, 2016. Financial West Group reported to FINRA that Victor Michel was fired after being accused of violating firm policy regarding reporting and settling customer complaints.

Subsequent to Victor Michel’s discharge, FINRA brought a disciplinary action against Victor Michel in 2017. Victor Michel consented to a bar from the securities industry. FINRA reports that Victor Michel consented to the entry of findings that Victor Michel refused to appear for FINRA on-the-record testimony in connection with an examination into possible sales practice violations committed by Victor Michel while Victor Michel was with his member firm.

FINRA reports that a claim was filed alleging sales practice violations against Victor Michel. The claim alleged churning of accounts, unsuitable recommendations, unauthorized trading & purchase of penny stocks, failure to supervise, and disregard for investment objectives & risk tolerance. The claim was settled for $55,000.

If you lost any money on investments with Victor Michel, you may be able to recover your losses from Financial West Group and/or Securities America, Inc. This is because Financial West Group and Securities America, Inc. had a duty to supervise Victor Michel.

If you lost money on investments with Victor Michel 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 against Financial West Group and/or Securities America, Inc., concerning Victor Michel’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 any investments with Victor Michel 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.   

Contact Us Today!

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