Michael Child has spent 17 years in the securities industry and has been registered with H. Beck in Salt Lake City, Utah since 2008. Previous registrations include Gunnallen Financial in Salt Lake City, Utah (2007-2008); Investment Management Corporation in Salt Lake City, Utah (2003-2007); Eagle Gate Securities in Salt Lake City, Utah (2002-2003); UBS Painewebber in Weehawken, New Jersey (2000-2002); Morgan Stanley Dean Witter Online in San Francisco, California (1999-2000); and Fidelity Brokerage Services in Smithfield, Rhode Island. He is a registered broker and investment adviser in seven US states: Alaska, Arizona, California, Idaho, Nevada, Utah, and Wyoming.
According to his BrokerCheck report, Michael Child is the subject of two customer complaints, one denied customer complaint, and one regulatory sanction. He was additionally discharged from his positions at Gunnallen Financial and UBS Painewebber, and was permitted to resign from Eagle Gate Securities.
- In August 2015 a customer alleged Michael Child, while employed at H. Beck, recommended unsuitable investments, including a variable annuity.
- In 2013 a customer alleged Michael Child, while employed at H. Beck, misrepresented material facts related to an investment, effected unauthorized trades, and generated excessive fees. The complaint settled in 2014 for $37,000.
- In 2012 the Utah Insurance Department sanctioned Michael Child following allegations he “did not use current financial information to fill out the suitability form,” instead using “figures he obtained from [a] consumer in 2009.” Mr. Child was placed on 12 months’ probation issued fines and restitution totaling more than $15,000.
- In 2008 Michael Child was discharged from his position at Gunnallen Financial following allegations he “allowed a statutorily disqualified individual to represent himself as being associate with his branch office.”
- In 2003 Michael Child was “permitted to resign” from his position at Eagle Gate Securities following allegations he engaged in improper sales practices and failed to disclose outside business activity.
- In 2002 a customer alleged Michael Child, while employed at UBS Painewebber, acted negligently, effected excessive and unauthorized trades, and recommended unsuitable investments. The complaint settled in 2003 for $670,000.
- In 2002 Michael Child was discharged from his position UBS Painwebber following allegations he failed to disclose information regarding a customer complaint.
If you or someone you know has a complaint regarding Michael Child, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case 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.