National investment loss lawyers KlaymanToskes is investigating broker Michael Braun of Hamlin Capital Advisors (CRD #4197374).
According to an SEC order, Michael Braun and Hamlin Capital Advisors failed to timely and fully disclose material conflicts of interest related to municipal bond offerings totaling over $500 million to charter school clients between 2017 and 2022, resulting in a censure and $75,000 penalty. The settlement includes a $200,000 penalty for the firm and a $75,000 penalty for Braun.
Investors that suffered losses with broker Michael Braun are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
The Securities and Exchange Commission has reached a settlement with Hamlin Capital Advisors and Michael Braun regarding municipal bond offerings to charter school clients. The SEC release states that between 2017 and 2022, Hamlin and Braun advised charter school clients on municipal bond offerings exceeding $500 million while the firm purchased all or a substantial portion of the bonds and acted as compensated bondholder representative. The SEC determined that Braun and the firm disclosed material conflicts of interest only after beginning to advise schools on the offerings. The firm’s disclosures mentioned potential fee receipts but omitted details about financial incentives that conflicted with clients’ interests, the nature of these conflicts, and mitigation measures.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Michael Braun, or have concerns regarding your investment portfolio at Hamlin Capital Advisors, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.