Allegations of Unsuitability and Misrepresentation for Former Broker Michael Bingham Ballard

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According to FINRA public records, former broker Michael Bingham Ballard (Mike Ballard) has seven disclosed customer disputes.  FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms.

Customers filed the disputes against Ballard between May 2014 and January 2018.  Four claims have settled for amounts ranging from $25,000 to $531,120.  One claim was closed with no action.  Two claims are pending.

Allegations include unsuitability, misrepresentation, and over-concentration of Real Estate Investment Trusts (REITs).

Ballard was employed with Madison Avenue Securities from December 2016 through February 2017.  His employment ended after he “Failed to Report a customer complaint to firm” and was “permitted to resign,” according to FINRA BrokerCheck records.

Previously Ballard was registered with G.F. Investment Services, LLC from May 2013 to October 2016.  While Ballard is not currently registered as a broker, he is registered as an Investment Adviser.  According to the SEC Adviser Info website, he is currently employed with AE Wealth Management, LLC.

If you have questions about investments made with Mike Ballard, contact Marquardt Law Office LLC for a free phone consultation.

Marquardt Law Office LLC is a securities law firm in Chicago, IL that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence.

Information regarding Michael Bingham Ballard was obtained from FINRA BrokerCheck records accessed on July 25, 2018.

Adam J. Marquardt

Adam Marquardt represents investors in securities litigation claims such as unsuitable investments, negligence, and fraud. He is dedicated to recovering financial losses for investors, primarily through FINRA arbitration. Adam’s background includes experience as a FINRA regulator, an accountant and auditor, and an attorney who recovered $8 million litigating cases involving fraudulent financial practices. Adam previously passed the Certified Public Accountant (CPA) exam and is an attorney licensed in Illinois.

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