Michael Brian Walk of Longwood, Florida, a stockbroker currently registered with Kestra Investment Services, LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer requested $72,000.00 in damages founded on accusations that Walk made unsuitable investment recommendations to the customer in regard to real estate security and direct investment products. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02130 (Aug. 14, 2017). The customer further alleged that Kestra Investment Services failed to supervise Walk’s activities.
FINRA Public Disclosure reveals that Walk has been identified in four more customer investment related disputes pertaining to his improper conduct during the time he was associated with Kestra and NFP Securities, Inc. In particular, on May 4, 2011, a customer filed an investment related written complaint involving Walk’s conduct, alleging that Walk made unsuitable investment recommendations to the customer with regard to the customer’s direct investment products and real estate securities holdings.
On July 31, 2013, another customer filed an investment related written complaint regarding Walk’s activities, where the customer sought $50,000.00 in damages based upon allegations that mezzanine financing investment transactions were effected in the customer’s account that were inappropriate. FINRA Arbitration No. 13-02162 (July 31, 2013). Thereafter, a customer initiated investment related arbitration claim regarding Walk’s activities was resolved for $77,500.00 in damages supported by accusations that the customer’s alternative investment holdings were not suitable for the customer. FINRA Arbitration No. 13-01477 (Oct. 9, 2014).
Subsequently, a customer filed an investment related arbitration claim involving Walk’s conduct, in which the customer requested $350,000.00 in damages founded on allegations that Walk made misrepresentations to the customer concerning alternative investments sold to the customer in August of 2014. FINRA Arbitration No. 16-02788 (Oct. 4, 2016).
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