Michael Jon DeBoer, of Spring Hill, Florida, a stockbroker formerly registered with M Dalton Strategic Investment Services Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on consenting to findings that he failed to conduct due diligence on customer’s investments, engaged in private securities transactions, and made unsuitable investment recommendations to customers. Letter of Acceptance, Waiver and Consent, No. 2015044778301.
FINRA found that DeBoer’s conduct was violative of FINRA Rule 2010 and NASD Rule 3040, and IM-2310-2.
FINRA Public Disclosure reveals that DeBoer has been identified in four customer initiated investment related disputes concerning allegations of wrongdoing while employed with Signator Financial Services and Dalton Securities. Specifically, he was subject of a customer initiated investment related complaint filed on March 2, 2015, wherein the customer sought $100,000.00 in damages supported by allegations that DeBoer made unsuitable investment recommendations to the customer, causing the customer to sustain investment losses as a result.
Subsequently, on March 3, 2015, a customer filed an investment related complaint regarding DeBoer’s conduct, requesting $40,000.00 in damages founded on accusations that DeBoer manipulated the customer’s decisions to invest and made unsuitable financial futures recommendations to the customer. Further, on September 8, 2015, a customer filed an investment related arbitration claim regarding DeBoer’s activities, in which the customer requested $177,904.73 in damages based upon allegations that DeBoer effected unsuitable financial-futures transactions in the customer’s account.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
