Michael Harris Sears of Englewood, Florida, a stockbroker registered with Questar Capital Corporation, was the subject of a customer initiated investment related complaint filed on October 6, 2022, in which the customer requested $5,000.00 in damages based upon allegations that Sears made the unsuitable investment recommendation of real estate securities when Sears was associated with Questar Capital Corporation. The complaint was denied.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Sears is referenced in three other customer initiated investment related disputes concerning Sears’ conduct while associated with securities broker dealers. On April 13, 2009, a customer filed an investment related complaint involving Sears’ conduct in which the customer requested compensatory damages based upon allegations that Sears engaged in unauthorized trading in stocks when Sears was associated with Questar Capital Corporation. The securities broker dealer denied this complaint.
On December 2, 2010, a customer initiated investment related FINRA securities arbitration claim involving Sears’s conduct was settled for $40,000.00 in damages based upon alleged unsuitable trading in variable annuities. FINRA Arbitration No. 08-04210.
Sears was also referenced in a complaint that was settled on March 4, 2016, for $53,500.00 in damages based upon allegations that Sears provided misinformation that led to a loss of $224,337.00 in income over the life of the variable annuity.
Sears has been associated with Osaic Wealth Inc. in Virginia Beach, Virginia, and Englewood, Florida, since January 19, 2024. He was associated with Woodbury Financial Services Inc. in Virginia Beach, Virginia, from March 1, 2019, to January 19, 2024. Sears was also associated with Questar Asset Management Inc. in Englewood, Florida, from September 18, 2007, to March 1, 2019, and with Questar Capital Corporation in Englewood, Florida, from December 1, 2006, to March 1, 2019.
