Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on January 5, 2017 indicate that former California-based National Securities broker/adviser Michael Fangman has received customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Fangman (CRD# 2228969).
Michael Fangman has spent 21 years in the securities industry and was most recently registered with National Securities in Carlsbad, California (2007-2016). Previous registrations include Brookstreet Securities in Carlsbad, California (2003-2007) and AG Edwards & Sons (1995-2003). He is currently not registered with any state or firm.
According to his BrokerCheck report, Michael Fangman has received four customer complaints.
In 2010 a customer alleged Michael Fangman, while employed at National Securities, misrepresented material facts, made unsuitable recommendations, breached his duty of reasonable care, acted negligently, and omitted material facts. The complaint settled in 2011 for $30,000.
In 2004 a customer alleged Michael Fangman, while employed at AG Edwards & Sons, did not follow recommendations, made unsuitable investments, and did not fully explain investments. The complaint settled for $75,000.
In 2002 a customer alleged Michael Fangman, while employed at AG Edwards & Sons, breached his fiduciary duty, violated securities industry rules, committed fraud, and misrepresented material facts. The complaint settled for $33,000.
In 2002 a customer alleged he, while employed at AG Edwards & Sons, made unsuitable recommendations, misrepresented material facts, breached his fiduciary duty, and breached contract. The complaint settled in 2003 for $115,000.
In 2002 a customer alleged he, while employed at AG Edwards & Sons, misrepresented material facts, acted negligently, and breached his fiduciary duty. The complaint resulted in an award to the customer of $100,000.
If you have lost money investing with Michael Fangman, you may be eligible to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only receive payment if and when you recover money. You might have a limited time to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.