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Archibald McMichael III Of Avantax Investment Services, Inc. And Formerly With Lifemark Securities Corp. Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Archibald McMichael III of Avantax Investment Services, Inc.?

Archibald McMichael III

Archibald McMichael III (CRD #2997111) who is currently registered as a broker and investment adviser with Avantax Investment Services, Inc. and located in Wayne, Penn is a subject of one of our many securities industry sales practice abuse investigations. Prior to Avantax Investment Services, Inc., Archibald McMichael III was associated with Lifemark Securities Corp. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Archibald McMichael III Customer Complaints

Archibald McMichael III has been the subject of 2 customer complaints that we know about recovering investment losses. One customer complaint was denied by LifeMark Securities Corp. and, to date, the investor has not taken any further action. The other customer complaint against the same firm was recently filed and is still pending in a FINRA arbitration proceeding.

Allegations Against Archibald McMichael III

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Insufficient due diligence, violation of Pennsylvania Unfair Trade Practices and Consumer Protection Law, breach of contract, common law fraud, breach of fiduciary duty, and negligence.
  • Unsuitable investment advice, inadequate due diligence and concentration of illiquid investments in client’s portfolio.

Archibald McMichael III Red Flags & Your Rights As An Investor

Of course, Archibald McMichael III 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 Archibald McMichael III at Avantax Investment Services, Inc. and Lifemark Securities Corp. on alert to review carefully the activity and performance of their accounts and question whether Archibald McMichael III has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Avantax Investment Services, Inc. and Lifemark Securities Corp. 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?

best investment fraud lawyers

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 Avantax Investment Services, Inc. Due To Archibald McMichael III

If you have questions about Avantax Investment Services, Inc., Lifemark Securities Corp. and/or Archibald McMichael III 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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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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