National investment loss lawyers KlaymanToskes is investigating Michael Barrows of M Stevens Securities, LLC (CRD #2933260).
According to his CRD report, former Accelerated Capital Group broker Michael Barrows, currently registered with M Stevens Securities, LLC, is facing a customer complaint from August 2022, alleging violations of federal and California securities laws, California Unfair, Unlawful, and Fraudulent Business Practices, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence related to the purchase of GWG L-Bonds in October 2018, which led to the customer being awarded $1,035,360.46 in damages after GWG Holdings went into bankruptcy in April 2022.
Investors that suffered losses with Michael Barrows (M Stevens Securities, LLC) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Former broker at Accelerated Capital Group, Michael Barrows (CRD# 2933260), is facing allegations related to investment losses in GWG Holdings Inc. Currently registered with M Stevens Securities, LLC in Irvine, California since 2018, Barrows has a history of customer complaints.
Barrows has been implicated in three customer complaints from 2008 to 2022, as per his CRD report. Two of these complaints were denied.
The most recent complaint, filed in August 2022, led to Barrows being named in a customer grievance that cited multiple violations. These included infringements of federal and California securities laws, breaches of contract, common law fraud, violations of California Unfair, Unlawful, and Fraudulent Business Practices, and allegations of negligence and gross negligence. The customer’s complaint centered around the purchase of GWG L-Bonds in October 2018. The claimant argued that the investment was unsuitable, a realization that came after receiving interest payments for three years.
This period was shortly followed by GWG Holdings filing for bankruptcy in April 2022. In the aftermath of the complaint, the customer was awarded $1,035,360.46 in damages.
Michael Barrows has been registered with M Stevens Securities, LLC since 2018 and previously worked for the following brokerage firms: Kingswood Capital Partners, LLC, Accelerated Capital Group, Chalice Wealth Advisors, American Asset Advisory, LLC, and Trilogy Capital, Inc. Barrows has been the subject of three customer complaints between 2008 and 2022, two of which were denied. The most recent complaint, from August 2022, alleged violations of federal securities laws, California securities laws, California Unfair, Unlawful, and Fraudulent Business Practices, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against Michael Barrows. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage 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 Michael Barrows, or have concerns regarding your investment portfolio at M Stevens Securities, LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.