Michael Scott Lance, of San Rafael, California, a stockbroker registered with Wells Fargo Advisors, is the subject of a customer initiated investment related written complaint on October 26, 2016, in which the customer sought more than $5,000.00 in damages based upon accusations that the customer was never informed about tax consequences pertaining to individual retirement account distributions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that on August 31, 1999, a customer initiated investment related written complaint involving Lance’s conduct was settled for $6,200.00 in damages supported by allegations that Lance failed to disclose mutual fund fees, and that the cancellation of the customer’s trades caused the customer’s losses. Further, on January 6, 2009, a customer filed an investment related written complaint pertaining to Lance’s conduct, alleging that Lance did not follow the customer’s instructions to provide notice of account value declines.
Lance has been associated with LPL Financial LLC since November 19, 2017.
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