Michael Ryan Coyne (also known as Michael Coyne), of Wheaton, Illinois, a stockbroker registered with First Trust Portfolios L.P., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $125,000.00 in damages based upon allegations that Coyne collaborated with an advisor in structured equity-linked notes that were purchased for the customers’ accounts when Coyne was associated with First Trust Portfolios L.P. FINRA Arbitration No. 24-01919 (September 12, 2024).
FINRA Public Disclosure shows that Coyne is referenced in 13 other customer initiated investment related disputes concerning Coyne’s conduct while associated with securities broker dealers. On June 12, 2024, a customer filed an investment related FINRA securities arbitration claim involving Coyne’s conduct in which the customer requested $250,000.00 in damages resulting from equity-linked notes purchased for the customers’ accounts when Coyne was associated with First Trust Portfolios L.P. FINRA Arbitration No. 24-01295.
On June 13, 2024, a customer filed an investment related FINRA securities arbitration claim involving Coyne’s conduct in which the customer requested $3,700,000 in damages based upon allegations that Coyne worked closely with an advisor in creating equity-linked notes that the advisor purchased for the customers’ accounts. FINRA Arbitration No. 24-01299.
Coyne is also referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $500,000.00 in damages resulting from equity-linked notes recommended for the customer’s accounts. FINRA Arbitration No. 24-01316 (June 17, 2024).
On June 17, 2024, a different customer filed an investment related FINRA securities arbitration claim involving Coyne’s conduct in which the customer requested $500,000.00 in damages resulting from the sale of equity-linked notes. FINRA Arbitration No. 24-01321.
Coyne has been associated with First Trust Portfolios L.P. in Wheaton, Illinois as a stockbroker since September 22, 2015. Coyne has been associated with First Trust Advisors LP in Phoenix, Arizona as an investment advisor representative since November 5, 2015.
