DID MICHAEL GREGORY CULWELL CAUSE YOU INVESTMENT LOSSES?
Michael Culwell Of Emerson Equity LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Michael Culwell of Emerson Equity LLC?
Michael Culwell (CRD #5989109) is currently employed with Emerson Equity LLC as a registered broker since November 2013 and is based in Irvine, California. He holds registrations with one self-regulatory organization (FINRA) and is licensed in 21 U.S. states and territories. Previously, Mr. Culwell was registered with several firms, including ARI Financial Services, Inc., Xnergy Financial LLC, and Dimirak Securities Corporation. Over his career, he has passed one principal/supervisory exam, three general industry/product exams, and one multi-state securities law exam. His current qualifications include Series 24 (General Securities Principal), Series 82 (Private Securities Offerings), and Series 22 (Direct Participation Programs Representative).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Culwell Customer Complaints and Reviews
Michael Culwell has two reported customer disputes.
- Customer Dispute 1
- Complaint: The customer alleged failure to conduct due diligence, unsuitable transactions, and material misrepresentations related to securities transactions in January and February 2018.
- Product Type: Direct Investments (DPP & LP Interests)
- Alleged Damages: $300,000
- Outcome: The dispute was settled on July 28, 2021, for $130,000, with Mr. Culwell contributing $21,666.67. The broker maintained confidence in the product and denied wrongdoing.
- Customer Dispute 2
- Complaint: Misrepresentation, unsuitable transactions, breach of fiduciary duty, negligence, elder abuse, and violation of securities regulations regarding Delaware Statutory Trust investments.
- Alleged Damages: $444,000
- Status: The case is pending arbitration under FINRA as of July 3, 2024.
Allegations Against Michael Culwell
The allegations against Mr. Culwell involve issues of misrepresentation and suitability, key areas of concern for investors:
- Settled Case (2021):
- The customer claimed a lack of due diligence and unsuitable recommendations for direct investments, resulting in financial losses. Although the case was settled for $130,000, the broker denied any misconduct and highlighted his personal investment in the product as evidence of his confidence.
- Pending Case (2024):
- Allegations of misrepresentation, negligence, and elder abuse in connection with Delaware Statutory Trust investments have resulted in arbitration proceedings. The case, valued at $444,000, involves serious accusations that may impact investor confidence depending on the outcome.
Michael Culwell Red Flags & Your Rights As An Investor
Of course, Michael Culwell 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 Culwell at Emerson Equity LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Culwell has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Emerson Equity LLC also raises questions about the brokerage firm’s 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 Emerson Equity LLC Due To Michael Culwell
If you have questions about Emerson Equity LLC and/or Michael Culwell 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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