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Michael Kolacz Has Pending Complaint and Tax Liens

Dictionary definition of bankruptcy. Close up view, soft focus

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Texas-based Cetera broker/adviser Michael Kolacz (CRD# 2566829).

Michael Kolacz has spent nineteen years in the securities industry and has been registered with Cetera Advisors in Rockwall and Plano, Texas since 2013. Previous registrations include Woodbury Financial Services in Plano, Texas (1996-2013) and Next Financial Group in Rockwall, Texas (2012). He is a registered broker and investment adviser in eleven US states.

According to his BrokerCheck report, Michael Kolacz is the subject of one pending customer complaint, one denied customer complaint, and four tax liens. He additionally filed for bankruptcy in 2008.

In 2012 a customer alleged Michael Kolacz, while employed at Woodbury Financial Services, breached his fiduciary duty and misrepresented material facts related to an insurance and investment plan. The customer is seeking unspecified damages in the pending complaint.

In 2008 Michael Kolacz filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Eastern District of Texas. The action remains pending.

In 2007 a customer alleged Michael Kolacz, while employed at Woodbury Financial Services, misrepresented the returns and fees associated with an annuity and the fees associated with a mutual fund. The customer sought $10,000 in damages in the complaint, which was denied.

The Internal Revenue Service has reported four tax liens against Michael Kolacz: in 2007 for $79,065.36; in 2003 for 17,681; in 2001 for $28,384; and in 2001 for $18,441. The liens remain unsatisfied.

If you or someone you know has a complaint regarding Michael Kolacz, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.