MICHAEL RAY HOWELL is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 1101 NORTH MARKET STREET, SPARTA, IL, 62286.
MICHAEL RAY HOWELL has worked at LPL FINANCIAL LLC since June 08, 1998
Disclosure History
MICHAEL RAY HOWELL has 2 Disclosure Event(s).
Date: August 28, 2015 Category: Customer Dispute Allegations: POOR PERFORMANCE, SUITABILITY. ACTIVITY PERIOD IS 6/24/00 TO 8/18/15. Damage Amount Requested: $325,000.00 Settlement Amount: $43,000.00 Broker Comment: THE REGISTERED REPRESENTATIVE DENIES ANY AND ALL WRONGDOING WITH RESPECT TO THIS MATTER AND MAINTAINS THAT HE PROVIDED THE CUSTOMERS WITH INVESTMENT RECOMMENDATIONS AS PART OF THEIR OVERALL PORTFOLIO THAT WERE SUITABLE IN ALL RESPECTS BASED ON THE CIRCUMSTANCES DISCLOSED BY THE CUSTOMERS AT THE TIME OF PURCHASE AND CONSISTENT WITH THEIR STATED INVESTMENT OBJECTIVES. OUT OF CLAIMED DAMAGES TOTALING $325,000, THIS MATTER WAS RESOLVED FOR $43,000 WITH NO CONTRIBUTION FROM THE REGISTERED REPRESENTATIVE. THIS MATTER WAS RESOLVED WITHOUT ANY ADMISSION OF LIABILITY (WHICH WAS AND REMAINS DENIED) AND SOLEY AS A BUSINESS DECISION IN ORDER TO BRING THIS MATTER TO CLOSURE.
Date: October 14, 2014 Category: Customer Dispute Allegations: A LONG-TERM CUSTOMER OF THE ADVISOR ALLEGES THAT TWO SECURIITES PURCHASED IN HER ACCOUNT WERE UNSUITABLE. Damage Amount Requested: $100,000.00 Settlement Amount: $38,000.00 Broker Comment: LPL SETTLED THIS MATTER SOLELY AS AN ACCOMMODATION AND BUSINESS DECISION TO AVOID POTENTIALLY COSTLY LITIGATION WITHOUT FINDING OF LIABILITY WHATSOEVER ON THE PART OF THE FINANCIAL ADVISOR. THE CUSTOMER MENTIONED TO LPL AND THE ADVISOR THAT THE LETTER WAS NOT MEANT TO BE A COMPLAINT AND THAT SHE WAS SATISFIED WITH THE SERVICES HE PROVIDED OVER THE YEARS.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for MICHAEL RAY HOWELL, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.