Last Updated: February 2025 (Farmington Hills, MI)
Here’s What You Need to Know About Farmington Hills, MI, Stockbroker Michael Lehman:
- Name: Mr. Michael Seth Lehman
- Current Employer: Ameriprise Financial Services, LLC
- Prior Employers: UBS Financial Services Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Farmington Hills, MI
- CRD Number: 4999885
- Can Michael Lehman Be Sued in FINRA Arbitration? Yes
- Sanctioned by FINRA? No
- Pending Customer Dispute Seeks Damages of: $300,000
If you’ve sustained damages from Mr. Lehman, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Lehman as Your Stockbroker?
A pending customer dispute has been filed against Michael Lehman regarding allegations of investment misconduct while he was employed at UBS Financial Services Inc. The complaint alleges that UBS failed to conduct adequate due diligence on a fund of funds (alternative investment) , resulting in an unsuitable investment for customers. The claimant alleges that material risks were not properly disclosed, causing financial harm.
- Filing Date: January 15, 2025
- Case Number: FINRA Arbitration #24-01773
- Damages Sought: $300,000
- Product Type Involved: Alternative Investments
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Michael Lehman
A customer of Michael Lehman has alleged the following misconduct in connection with the handling of investment accounts:
- Failure to Conduct Due Diligence: The claimant alleges that UBS failed to properly vet a fund of funds investment.
- Unsuitable Investment Recommendations: The investment was allegedly inappropriate for any investor, violating suitability requirements under FINRA Rule 2111 (which mandates that brokers must have a reasonable basis to believe their recommendations are suitable for customers).
- Failure to Disclose Material Risks: The claim states that investor was not adequately informed of the risks associated with the alternative investment.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
The Financial Industry Regulatory Authority (FINRA) regulates brokerage firms and their representatives. Brokers are required to report customer complaints, arbitrations, regulatory sanctions, and financial matters such as bankruptcies, judgments, and liens.
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other UBS Financial brokers
Investigations of other Ameriprise Financial brokers
If you have suffered investment losses in an account handled by Michael Lehman, 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 seek 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,
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.