DID MICHAEL JOHN HALKITIS CAUSE YOU INVESTMENT LOSSES?
Michael Halkitis Of The Rockwell Financial Group, Inc. Has A Customer Complaint For Alleged Broker Misconduct
About Michael Halkitis of The Rockwell Financial Group, Inc.?
Michael Halkitis (CRD #2246940) , is currently employed with The Rockwell Financial Group, Inc. since February 2002, Halkitis has a lengthy registration history across multiple states and a complex track record of regulatory actions and customer disputes. He is licensed in 25 U.S. states and territories and has passed a range of exams including four principal/supervisory exams and three general industry/product exams. Despite these qualifications, Halkitis’s professional journey includes regulatory sanctions and customer disputes.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Halkitis Customer Complaint and Reviews
- Regulatory Event
- Date Initiated: December 11, 2001
- Allegations: Failed to disclose engagement in business activities outside of his firm, leading to NASD sanctions.
- Resolution: Fined $2,500 and suspended for five business days.
- Customer Dispute (Award to Customer)
- Date Notice Served: January 26, 2022
- Allegations: Breach of fiduciary duty, violation of FINRA/NYSE rules, breach of contract, negligence, failure to supervise, and violation of the Florida Securities and Investor Protection Act.
- Disposition Date: June 1, 2023
- Outcome: Found liable for compensatory damages, discovery sanctions, costs, and filing fees totaling significant sums.
- Employment Separation After Allegations
- Termination Date: February 4, 1998
- Reason: Discharged for alleged selling away without permission, a charge later found to be unfounded.
Allegations Against Michael Halkitis
- Engagement in Undisclosed Business Activities: Halkitis was disciplined for failing to properly disclose his role as an officer or proprietor of a business other than his firm, raising concerns about transparency and potential conflicts of interest.
- Misconduct in Financial Advisory Services: The substantial award to a customer due to various breaches including fiduciary duty and failure to supervise illustrates serious lapses in his duty as a financial advisor.
- Unauthorized Activities Leading to Dismissal: Although charges of selling away were ultimately found to be unfounded, the initial accusations and his subsequent dismissal from AC Financial highlight potential concerns about his adherence to industry rules and firm policies.
These points collectively suggest that while Michael J. Halkitis possesses extensive experience and qualifications which are significantly tainted by past conduct.
Frank Gusmano Red Flags & Your Rights As An Investor
Of course, Michael Halkitis 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 Halkitis at The Rockwell Financial Group, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Halkitis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at The Rockwell Financial Group, Inc. 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 The Rockwell Financial Group, Inc. Due To Michael Halkitis
If you have questions about The Rockwell Financial Group, Inc. and/or Michael Halkitis 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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