DID MICHAEL BRANDON STALCUP CAUSE YOU INVESTMENT LOSSES?
Michael Stalcup of Cabana Asset Management, And Formerly With MML Investors Services, Magann Captial, MetLife Securities, and Veritas Independent Partners Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Michael Stalcup of Cabana Asset Management?
Michael Stalcup (CRD #4024498) who is currently registered with Cabana Asset Management and located in Little Rock, Arkansas is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cabana Asset Management, Michael Stalcup was associated with MML Investors Services, Magann Captial, MetLife Securities, Veritas Independent Partners and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Michael Stalcup Customer Complaints
Michael Stalcup has been the subject of 2 customer complaints that we know about. There is currently one pending customer complaint filed against [MISSING] for investment losses caused by Michael Stalcup’s alleged misconduct. One of Michael Stalcup’s customers complaints was denied and the customers did not take any further action.
Allegations Against Michael Stalcup
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Claimant alleges that Respondent was instructed to segregate the accounts per the trust document and that written authorizations and instructions were executed. However, Claimant further alleges that instead of segregating the funds per the instructions, Michael Stalcup made unauthorized trades in the account over the next several weeks resulting in the loss of over $110,000.00 without any prior or post trade notifications to Claimant and that those investments were highly speculative and resulted in a breach of fiduciary duty by Respondents.
- Client claims the advisor failed to disclose all the facts about a 1035 exchange.
Michael Stalcup Red Flags & Your Rights As An Investor
Of course, Michael Stalcup 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 Stalcup at Cabana Asset Management, MML Investors Services, Magann Captial, MetLife Securities, and Veritas Independent Partners on alert to review carefully the activity and performance of their accounts and question whether Michael Stalcup has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cabana Asset Management, MML Investors Services, Magann Captial, MetLife Securities, and Veritas Independent Partners 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 Cabana Asset Management Due To Michael Stalcup
If you have questions about Cabana Asset Management, MML Investors Services, Magann Captial, MetLife Securities, Veritas Independent Partners, and/or Michael Stalcup 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.