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Michael Inderlied Discharged from Wilbanks Securities

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Adirondack broker/adviser Michael Inderlied (CRD# 2131074).

Michael Inderlied has spent 23 years in the securities industry and has been registered with Adirondack Trading Group in Woodstock, New York since April 2015. Previous registrations include Investors Capital Corporation in Frisco, Texas (2014-2015); Wilbanks Securities in Oklahoma City, Oklahoma (2009-2014); Sagepoint Financial in Oklahoma City, Oklahoma (1999-2008); MML Investors Services in Springfield, Massachusetts (1996; 1997-1999); Mimlic Sales Corporation in St. Paul, Minnesota (1996-1997); and four other broker-dealer firms between 1991 and 1996.

shutterstock_112959457According to his BrokerCheck report, Michael Inderlied is the subject of two customer complaints and was discharged from his position at Wilbanks Securities.

In 2014 Michael Inderlied was “permitted to resign” from his position at Wilbanks Securities following allegations he made improper recommendations to customers concerning variable annuities.

In 2012 a customer alleged Inderlied violated the Missouri Uniform Securities Act, breached his fiduciary duty, breached contract, committed fraud, and acted negligently. The complaint settled in 2014 for $35,000.

In 1999 a customer alleged Michael Inderlied, while employed at MML Investors Services, misrepresented material facts related to a variable universal life insurance policy. The complaint settled for more than $18,000.

If you or someone you know has complaints regarding Michael Inderlied, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.