Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 2, 2018 indicate that Minnesota-based Voya Financial Advisors broker/adviser Michael Hogan has been involved in customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hogan (CRD# 1901482).
Michael Hogan has spent 29 years in the securities industry and has been registered with Voya Financial Advisors in Plymouth, Minnesota since 1999. Previous registrations include Fortis Investors in Oakdale, Minnesota (1994-1999); Pruco Securities Corporation in Newark, New Jersey (1989-1994); and the Prudential Insurance Company of America in Newark, New Jersey (1989-1993). He is a registered broker with ten US states and territories: California, Colorado, Florida, Iowa, Minnesota, Nevada, North Dakota, South Dakota, Texas and Wisconsin.
According to his BrokerCheck report, he has received one customer complaint.
In July 2017 a customer alleged Michael Hogan, while employed at Voya Financial Advisors, recommended unsuitable investments in variable annuity products and made misrepresentations of material facts. The complaint settled for $10,000.
FINRA rules and federal securities law require brokers like Michael Hogan to comply with a standard called suitability, which means they may only recommend investments considered suitable for their clients’ interests. They must weigh such factors as the client’s goals, experience, age, net worth income, risk tolerance, and more. They are also forbidden from misrepresenting or omitting material facts related to an investment, as these might lead 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 have lost money investing with Michael Hogan, 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.