It’s critical that everyone understand as much as possible about the people with whom they entrust their money. There are numerous places to learn more about a person’s background, including his or her prior employment history, regulatory disciplinary actions, and consumer complaints.
This important information may lead to inquiries about Micah Patterson and any investment losses you incurred. We’ll do our best to answer any questions you may have.
DID MICAH WESLEY PATTERSON CAUSE YOU INVESTMENT LOSSES?
Micah Patterson Formerly With Hornor, Townsend & Kent And MML Investors Services Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Micah Patterson formerly with Hornor, Townsend & Kent?
Micah Patterson (CRD #5562392) who was formerly registered with Hornor, Townsend & Kent and located in Layton, Utah is a subject of one of our many securities industry sales practice abuse investigations. Prior to Hornor, Townsend & Kent, Micah Patterson was associated with MML Investors Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Micah Patterson Customer Complaints
Micah Patterson has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Micah Patterson’s 2 customer complaints was settled in favor of investors. One of Micah Patterson’s customers’ complaints was denied and, to date, the customer has not taken any further action.
Allegations Against Micah Patterson
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Claimants alleged unsuitable investment advice provided by Micah Patterson by unreasonably advising the claimants to purchase $40,000 of Future Income Payments (FIP) assets and to purchase an indexed universal life policy. Claimants alleged Breach of Fiduciary Duty, violation of NASD and FINRA Rules, Negligence, and Breach of Contract.
- Client represented by an attorney requested reimbursement of losses, stating that Micah Patterson failed to conduct adequate due diligence or properly assess the risks associated with the plan implemented by or before recommending and selling the product. The client requested the total amount invested be refunded.
Micah Patterson Red Flags & Your Rights As An Investor
Of course, Micah Patterson 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 Micah Patterson at Hornor, Townsend & Kent and MML Investors Services on alert to review carefully the activity and performance of their accounts and question whether Micah Patterson has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hornor, Townsend & Kent and MML Investors Services 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.
File A Claim To Recover Your Investment Losses At Hornor, Townsend & Kent Due To Micah Patterson
If you have questions about Hornor, Townsend & Kent, MML Investors Services, and/or Micah Patterson 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.