Last Updated: February 2025, York, PA
Here’s what you need to know about York, PA, stockbroker Michael C. McFeely:
- Name: Mr. Michael Christopher McFeely
- CRD Number: 5505995
- Current Employer: LPL Financial LLC (Registered since August 14, 2024)
- Prior Employer: Osaic FA, Inc. (November 2008 – August 2024)
- DBA: Academy Financial
- Function: Stockbroker / Financial Advisor
- Primary Location: York, PA
- Professional Designations: Certified Financial Planner (CFP)
- Can Michael McFeely be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Nine Pending Customer Disputes Seek Damages of: $1.3 Million
If you’ve sustained damages from Mr. McFeely, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael McFeely As Your Stockbroker?
Nine FINRA arbitrations involving Michael McFeely were filed in 2024. The customers allege that Mr. McFeely recommended unsuitable oil and gas investments, leading to significant losses.
Among these disputes:
- A pending complaint filed on August 28, 2024, alleges that Mr. McFeely recommended unsuitable oil and gas and other alternative investments, with alleged damages totaling $400,000.00 (Case #24-01855).
These matters remain pending and are being handled in FINRA arbitration. Total damages alleged by customers exceed $1.3 million.
Allegations of Broker Misconduct Against Michael McFeely
Customers of Michael McFeely have alleged the following misconduct in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: Customers claim that Mr. McFeely recommended unsuitable investments in high-risk oil and gas ventures, potentially violating FINRA Rule 2111, which governs suitability requirements.
- Failure to Perform Due Diligence: The broker’s involvement in a class-action-type lawsuit for lack of due diligence and suitability highlights concerns about adherence to FINRA Rule 2010, which mandates high standards of commercial honor and just principles of trade.
FINRA Rule 2111- suitability -Regulation Best Interest
The Financial Industry Regulatory Authority (FINRA) requires brokers and brokerage firms to report customer complaints, disputes, and regulatory sanctions. FINRA also mandates the disclosure of financial matters, such as personal bankruptcies, judgments, and liens.
See this for more information on REITs and Other Alternative Investments
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Michael C. McFeely, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.