Michael Allen Toy, of Sunnyvale, California, a stockbroker currently registered with LPL Financial LLC, has been named in a customer initiated investment related written complaint on January 11, 2017, based upon allegations that Toy failed to abide by the customer’s investment instructions concerning the trading of mutual fund investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on March 25, 2014, a customer initiated investment related written complaint involving Toy’s conduct was settled for $9,886.71 in damages based upon allegations that Toy, while associated with Ameriprise Financial Services, Inc., made faulty recommendations to the customer concerning the transfer of the customer’s Ameriprise SPS account which caused the customer’s unit investment trust products not to be sold in a timely fashion.
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