Michael John Wood of Lake Tapps Washington a stockbroker currently employed by Independent Financial Group LLC is the subject of sanctions issued by the State of Michigan according to a Stipulation and Order founded on allegations that Wood engaged in unethical or dishonest practices while in the securities industry. Case No. 337031 (Mar. 6, 2019).
FINRA Public Disclosure reveals that Wood is referenced in two customer initiated investment related disputes containing accusations of his misconduct when he was associated with Thrivent Investment Management Inc. In particular, a customer investment related complaint concerning Wood’s activities was settled to resolve allegations against Wood of non-disclosures relating to charges that had been assessed to the customer in effecting distributions from the customer’s account. Another customer initiated investment related complaint in regard to Wood’s conduct was settled to resolve accusations that the customer was placed into an insurance product without the customer’s knowledge or consent.
Wood was terminated from Thrivent Investment Management Inc. on July 31, 2016 based upon a customer dispute alleging that he furnished applications to the firm to effect unauthorized investment transactions. Since May 2, 2017, Wood has been associated with Independent Financial Group LLC.
