Archibald William McMichael III is a Haverford, Pennsylvania broker. McMichael is currently registered with Lifemark Securities Corporation and was previously registered with LPL Financial. McMichael currently has 2 Brokercheck Disclosures, including Employment Separation After Allegations for “violation of the firm’s document signature policy.”
Peiffer Wolf Carr Kane & Conway is currently investigating claims against Archibald McMichael, a registered broker at Lifemark Securities Corporation in Haverford, PA.
According to FINRA’s BrokerCheck website for Public Disclosures, Archibald McMichael has been the subject of two disclosures. The most notable disclosure is as follows:
2011: Employment Separation After Allegations – LPL Financial discharged him for “violation of the firm’s document signature policy.”
Since 2011, customer complaints disclosed against Bryon Martinsen have included allegations of “unsuitable investment advice, inadequate due diligence, and concentration of illiquid investments.”
Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
Archibald McMichael has worked at multiple firms over the years, including Lifemark Securities, LPL Financial, PNC Investments, JB Hanauer & Co, Morgan Stanley DW, and Vangaurd Marketing Corporation. FINRA maintains a database of investor complaints and disciplinary and employment history for registered representatives and publishes some of this information on its BrokerCheck website, www.brokercheck.finra.org.
Peiffer Wolf Carr Kane & Conway is currently investigating Archibald McMichaels’ practices, as well as the products he recommended to individual investors. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. Contact Us Today for a FREE Consultation. 585-310-5140
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