Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on March 22, 2017 indicate that former Alabama-based Madison Avenue Securities broker/adviser Michael Ballard has been the subject of customer disputes and recently resigned from his former employer. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ballard (CRD# 1014024).
Michael Ballard has spent 34 years in the securities industry and was most recently registered with Madison Avenue Securities in Birmingham, Alabama (2016-2017). Previous registrations include in Birmingham, Alabama; GF Investment Services in Birmingham, Alabama; ProEquities in Birmingham, Alabama; and John Hancock Distributors. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received four customer complaints and recently resigned from his most recent employer.
In February 2017 he was “permitted to resign” from his position at Madison Avenue Securities following allegations he failed to report a customer complaint to firm.
In December 2016 a customer alleged Michael Ballard, while employed at GF Investment Services, recommended unsuitable investments, including fixed annuities and alternative investments. The complaint settled for $531,120.
In 2014 a customer alleged Michael Ballard, while employed at ProEquities, did not adequately explain investments. The complaint settled for $50,000.
In 2014 a customer alleged Michael Ballard, while employed at ProEquities, did not fully explain the details of her investments. The complaint settled for $103,000.
In 2014 a customer alleged he, while employed at ProEquities, failed to fully explain the products. The complaint settled for $25,000.
If you or someone you know has complaints regarding Michael Ballard, call the experienced attorneys at 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.