DID MICHAEL JOSEPH HECHT CAUSE YOU INVESTMENT LOSSES?
Michael Hecht Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Michael Hecht of LPL Financial LLC?
Michael Hecht (CRD #2910046) is a financial advisor currently affiliated with Private Advisor Group, LLC as an investment advisor and LPL Financial LLC as an investment broker in Cranford, New Jersey, registered since December 16, 2014, and September 7, 2007, respectively. Hecht is licensed in 17 U.S. states and territories and registered with one Self-Regulatory Organization (SRO). He has passed two general industry/product exams (Series 7 and SIE) and two multi-state securities law exams (Series 65 and 63). His career spans over multiple reputable firms, including a tenure at UBS Financial Services. This extensive registration and multiple qualifications highlight a robust career in financial advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Hecht Customer Complaints and Reviews
Michael Joseph Hecht has had a few disclosure events:
- Customer Disputes: There are two customer disputes on record. One involved allegation of misrepresentation and unauthorized trading, which was denied. Another dated back to 2001 with a complaint about failure to follow instructions on a fund exchange, which was also denied.
- Termination: Hecht voluntarily resigned from UBS Financial Services in March 2005 after questions arose regarding the validity of dates associated with signatures on variable annuity exchange documentation.
Allegations Against Michael Hecht
- Misrepresentation and Unauthorized Trading: Allegations were made that Hecht engaged in misrepresentation and unauthorized trading regarding alternative investments. This dispute was ultimately denied.
- Failure to Follow Instructions: A client alleged that Hecht failed to execute a directive to switch from a mutual fund to a money market fund, potentially affecting the client’s financial strategy. This complaint was also denied.
- Termination Details: Hecht’s resignation followed internal concerns at UBS regarding discrepancies in documentation for variable annuity exchanges, reflecting on procedural adherence and documentation practices within his work.
Michael Hecht Red Flags & Your Rights As An Investor
Of course, Michael Hecht 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 Hecht at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Hecht has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC 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 LPL Financial LLC Due To Michael Hecht
If you have questions about LPL Financial LLC and/or Michael Hecht 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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