DID MICHAEL OVITT CAUSE YOU INVESTMENT LOSSES?
Michael Ovitt of RBC Capital Markets, LLC And Formerly With Wells Fargo Clearing Services Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Michael Ovitt of RBC Capital Markets, LLC?
Michael Ovitt (CRD #1012040) who is currently registered with RBC Capital Markets, LLC and located in Williamsville, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to RBC Capital Markets, LLC, Michael Ovitt was associated with Wells Fargo Clearing Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Michael Ovitt Customer Complaints
Michael Ovitt has been the subject of 2 customer complaints that we know about. One of Michael Ovitt’s 2 customer complaints was settled in favor of investors. One of Michael Ovitt’s customers’ complaints was denied and, to date, the customers have not taken any further action.
Allegations Against Michael Ovitt
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client alleges he was misled by Michael Ovitt on 3 purchases that the principal amount of the purchases was guaranteed.
- Client verbally complained that there was an unauthorized sale and subsequent repurchase of Allied Motion stock (AMOT) allegedly by Michael Ovitt in their account.
Michael Ovitt Red Flags & Your Rights As An Investor
Of course, Michael Ovitt 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 Michael Ovitt at RBC Capital Markets, LLC and Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Michael Ovitt has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at RBC Capital Markets, LLC and Wells Fargo Clearing 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 RBC Capital Markets, LLC and Wells Fargo Clearing Services Due To Michael Ovitt
If you have questions about RBC Capital Markets, LLC, Wells Fargo Clearing Services, and/or Michael Ovitt 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.