National investment loss lawyers KlaymanToskes reports Mike Hamilton (CRD# 2038138) of Hamilton Wealth Management is being investigated by the Securities and Exchange Commission (“SEC”) for his alleged violation of Regulation Best Interest (“Reg BI”).
According to FINRA BrokerCheck, Mike Hamilton is currently registered as a broker/investment advisor with Centaurus Financial, Inc. in Ft. Myers, FL. Hamilton is also reportedly doing business as Hamilton Wealth Management.
Investors that suffered losses with Mike Hamilton may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately for a free consultation at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
According to FINRA BrokerCheck, Michael Young Hamilton a/k/a Mike Hamilton has two public disclosures. On August 24, 2023, the SEC opened an investigation into Hamilton’s misconduct due to alleged violations of Rule 151-1(a) of the Securities Exchange Act of 1934, known as Regulation Best Interest.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Under Reg BI, investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Brokers and financial advisors must consider an investment’s risk, ensure that they do not misrepresent material facts, and/or overconcentrate the customer’s portfolio in unsuitable investments. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
Investors who suffered losses with Mike Hamilton are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lawrence@klaymantoskes.com
www.klaymantoskes.com