Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on April 21, 2017 indicate that Montana-based Edward Jones broker/adviser Michael Bruch has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bruch (CRD# 4585770).
Michael Bruch has spent fourteen years in the securities industry and has been registered with Edward Jones in Cut Bank, Montana since 2002. He has no previous registrations. He has passed three securities industry examinations: Series 7 (General Securities Representative Examination), Series 63 (Uniform Securities Agent State Law Examination), and Series 66 (Uniform Combined State Law Examination). He is a registered broker and investment adviser with 19 US states and territories.
In 2016 a customer alleged Michael Bruch, while employed at Edward Jones, acted negligently, omitted material facts, and recommended an unsuitable investment in a Pioneer High Income Trust. In 2017 the complaint resulted in an award to the customer of $10,119.
FINRA rules and federal securities law mandate that financial professionals like Michael Bruch abide by a standard called suitability, which requires them to recommend only investments that are in their clients’ interests. When deciding whether an investment is suitable, brokers must consider the client’s investment goals, experience, age, income, risk tolerance, and many other factors. Brokers are forbidden from misrepresenting or omitting material facts related to an investment, as misrepresentations or omissions might cause a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with Michael Bruch, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.