Micheal Sloan Investigation
May 2022- St. Charles, IL
According to FINRA records, Michael Peter Sloan, a Wintrust Investments broker disclose a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In November of 2021, FINRA case #21-02406 alleged that Sloan’s recommendations to purchase non-traded REITs were unsuitable and were made to maximize commissions with alleged damages of $100,000. This case is currently pending.
Michael Sloan has been employed by Wintrust Investments since August of 2010. Before that time he was with Chase Investment Services and Banc One Securities Corporation. Sloan discloses a business affiliation with Wayne Hummer Investments in St. Charles IL.
If you have questions about an account handled by Michael Sloan, call for a no charge consultation.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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