Uncovering the trails of a stockbroker can be as enthralling as a mystery novel’s plot – woven with everything from intrigue to potential misconduct. Our internal compass today guides us to the heart of Jacksonville, Florida, where we delve into the profile of Mr. Michael Joseph Sievert, a stockbroker currently employed with Arkadios Capital.
- Name: Mr. Michael Joseph Sievert
- Aliases: Mike Sievert
- Primary Location: Jacksonville, FL
- Current Employer: Arkadios Capital
- DBA: Exclusive Advisors LLC
- Previous Firms: Triad Advisors
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Can Mike Sievert be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $250,000
The high stakes world of investments is not always picture perfect. Stockbrokers like Sievert, generically nown as ‘Mike’, come under the lens of the Financial Industry Regulatory Authority (FINRA). This regulatory agency performs a strategic watchdog role in the arena of stockbrokers and brokerage firms. Following closely behind every transaction, they catch every customer wince or complaint along with any regulatory infraction that might impact business.
Show Me the Money: Investors’ Experience with Michael Sievert
Several disclosures are sprinkled across Sievert’s professional journey, some of which carry hefty price tags: $89,006, $250,000, $50,000 and lastly $78,000. These amounts were settlements paid to various customers who were sold investments in GPB Holdings Inc. Hence, RETRACTED asks the question: Have you lost money with Michael Sievert as your stockbroker?
Stepping Over The Line: Allegations Against Michael Sievert
Stepping out of a turbulent financial storm, Sievert’s customers have made a few allegations, hinting at possible missteps taken by the broker. These grievances connect primarily to GPB Holdings Inc. and include:
- Unsuitable Investment Recommendation
- Failure to conduct adequate due diligence
- Misrepresentation
In addition to conventional investments like stocks, bonds or cash, there is a world of Alternative Investments that includes realms like hedge funds, private capital, natural resources and real estate. These carry a higher risk, comes enveloped within higher fees and are generally less regulated. It is within this gray area that Sievert’s dealings ignited sparks of controversy.
Finding the Way Back: Avenues to Recover Investment Losses
Brokerage firms and their advisors have a FIDUCIARY DUTY to supervise their financial partners strictly as per.FINRA’s Rules 3110 & 2090. They must resonate with the FINRA suitability rule, ensuring that every recommendation is suitable for the customer (FINRA Rule 2111). If there were lapses in your account handled by Mike Sievert, you could reach out to a seasoned securities attorney for a complimentary consultation to explore the possibility of recovering your damages through FINRA arbitration.
Most of these cases are generally handled on a contingent fee basis, meaning you don’t pay legal fees unless successful in recovering your losses. A glimmer of hope for those left navigating the murky waters of investment losses. So, if you have questions about how your account was handled, take action. Your investment journey doesn’t have to end on a sour note.