DID MICHAEL RYAN COYNE CAUSE YOU INVESTMENT LOSSES?
Michael Coyne Of First Trust Portfolios L.P. Has 9 Customer Complaints For Alleged Broker Misconduct
About Michael Coyne of First Trust Portfolios L.P.?
Michael Coyne (CRD #4674176) is presently affiliated with First Trust Advisors LP and First Trust Portfolios L.P. in Wheaton, Illinois, since 2015. His prior engagements include significant roles at Goldman Sachs & Co. and Morgan Stanley Smith Barney, encompassing cities like New York and Chicago. This extensive career trajectory, running through a variety of prestigious firms, illuminates his dynamic adaptability and seasoned experience within the financial industry. Coyne has successfully passed three general industry/product exams and one multi-state securities law exam, establishing his well-rounded qualifications in the securities field. His career map spans four U.S. states, where he holds active registrations, showcasing a diverse geographic footprint akin to a seasoned traveler well-versed in navigating varied terrains.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Coyne Customer Complaints and Reviews
Michael Coyne’s professional journey, while notable, has not been without turbulence. His record includes nine customer disputes, which serve as significant markers for potential investors considering his services:
- Number of Disclosures: 9 customer disputes
- Examples:
- A case filed on January 8, 2024, involving allegations related to equity-linked notes with claimed damages of $3,385,000. This dispute, like others, is currently pending arbitration, adding layers of unresolved complexity to his professional landscape.
- Another dispute, dating back to May 6, 2024, alleges inappropriate advisory involvement in the creation of equity-linked notes, with claimed damages amounting to $250,000.
Allegations Against Michael Coyne
In the financial world, allegations act as cautionary tales that potential clients and institutions often scrutinize. Michael Coyne’s disclosures predominantly revolve around his advisory role:
- Central Allegations: The bulk of the allegations against Coyne involve the creation and advisory on equity-linked notes. Claimants argue that Coyne, alongside his firm, played a pivotal role in developing financial products that were perhaps mismatched with client expectations or investment profiles.
- Specific Case References: For instance, in one notable arbitration (Docket #23-03546), Coyne is depicted almost as a cartographer who, alongside others, is said to have mapped out investment routes that led clients into challenging financial terrains, involving substantial alleged damages.
Michael Coyne Red Flags & Your Rights As An Investor
Of course, Michael Coyne did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Coyne at First Trust Portfolios L.P. on alert to review carefully the activity and performance of their accounts and question whether Michael Coyne has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at First Trust Portfolios L.P.also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At First Trust Portfolios L.P. Due To Michael Coyne
If you have questions about First Trust Portfolios L.P. and/or Michael Coyne and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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