Public records provided by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that Utah-based H. Beck broker/adviser Michael Child has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Child (CRD# 3128249).
Michael Child has spent seventeen 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; Investment Management Corporation, which has since been expelled by FINRA, in Salt Lake City, Utah; Eagle Gate Securities in Salt Lake City, Utah; UBS Painewebber in Weehawken, New Jersey; Morgan Stanley Dean Witter Online in San Francisco, California; 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 has received three customer complaints and one regulatory sanction.
In August 2015 a customer alleged Michael Child, while employed at H. Beck, recommended unsuitable investments and a variable annuity that performed poorly. The complaint settled in July 2016 for $35,000.
In 2013 a customer alleged Michael Child, while employed at H. Beck, made misrepresentations of material fact, effected unauthorized transactions, 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.” He was issued a fine of $1,000 and restitution totaling $14,381.
In 2008 Michael Child was terminated from Gunnallen Financial following allegations he “allowed a statutorily disqualified individual to represent himself as being associated with his branch office.”
In 2003 Michael Child was “permitted to resign” from Eagle Gate Securities following allegations he participated 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 terminated from UBS Painwebber following allegations he did not disclose relevant information pertaining to a customer complaint.
If you have complaints regarding Michael Child, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.