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Broker Misconduct Investigation: John Mickelson (Wealth Advocates/CreativeOne Securities)

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Updated on: February 18, 2025

National investment loss lawyers KlaymanToskes is investigating broker John Mickelson (CRD# 2628700) of Wealth Advocates, CreativeOne Securities and Cambridge Investment Research.

According to FINRA BrokerCheck, broker John Mickelson of Wealth Advocates and CreativeOne Securities, is facing a pending customer complaint alleging he recommended speculative alternative investments in oil and gas for the purpose of generating high commissions and fees.

Investors that suffered losses with broker John Mickelson 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.

Investment Losses with Broker John Mickelson?

Investment Losses with Broker John Mickelson?

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Wealth Advocates Broker John Mickelson Faces Customer Complaint 

Financial Advisor John Mickelson is currently facing a customer complaint alleging investor damages due to recommendations of speculative alternative investments in oil & gas for the purpose of generating high commissions and fees. According to FINRA BrokerCheck, Mickelson is registered as a broker and investment advisor with CreativeOne Securities and Strategic Advocates, and is also reportedly doing business as Wealth Advocates. Mickelson was also previously registered with Cambridge Investment Research from October 2012 to December 2022, and with Crown Capital Securities from January 2023 to March 2024, in Logan, UT. 

Signs Investors Should Look Out For About Their Brokerage Accounts

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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 John Mickelson, or have concerns regarding your investment portfolio at Wealth Advocates, CreativeOne Securities, Cambridge Investment Research, 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.