March 2018-Paradise Valley, AZ
The FINRA records of Michael J. Blake , a stockbroker who is currently unregistered and who last was employed by Mid Atlantic Capital Corp. disclose 2 prior regulatory matters, 4 currently pending customer disputes and 5 prior customer disputes.
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 a prior customer dispute, FINRA case #9-04700 a customer of Ameritas Investment Corp. alleged damages of $1.5 million in connection with a real estate security. That case was settled for $475,000.
In FINRA arbitration #15-3118 a customer of Ameritas Investment Corp. alleged damages of $425,000 in connection with a promissory note investment. That case was settled for $95,000 in June 2017.
The pending customer disputes include:
- FINRA Case 17-0334 in which an Ameritas Investment Corp. customer alleges damages of $441,000 in connection with an investment in a promissory note.
- CV 2017-0061 pending in Superior Court of Arizona in which an Ameritas customer alleges damages of $875,000 in connection with a promissory note investment.
- 2-13 CV-02461-MEA pending in US District Court-District of Arizona in which another Ameritas customer alleges damages of $450,000 in connection with a promissory note investment.
Blake was registered with Ameritas Investment Corp. from 6/2005-3/2013 and with Mid Atlantic Capital from 5/2013-10/2013.
If you have questions about an account handled by Michael J. Blake, call for a no charge consultation to learn about your options.
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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