Last Updated: August 2025 — New York, NY
Here’s what you need to know about New York, NY stockbroker Michael A. Lackwood:
- Name: Michael Alexander Lackwood
- CRD Number:4742917
- Current Status: Not currently registered with any FINRA-member firm
- Current Employer: Spring Delta Asset Management, Managing Member & Chief Compliance Officer
- Previously Registered With:
- APW Capital, Inc. (Rockaway, NJ) 2018–2020
- Oppenheimer & Co. Inc. (NY, NY) 2011–2018
- Merrill Lynch, Pierce, Fenner & Smith Inc. (NY, NY) 2006–2011
- Ameriprise Financial Services, Inc. (NY, NY) 2004–2006
- IDS Life Insurance Company (Minneapolis, MN) 2004–2006
- MetLife Securities Inc. & Metropolitan Life Insurance Company (MA & NY) 2004
- Primary Location:New York, NY
- Function:Stockbroker / Registered Investment Advisor
- Sanctioned by FINRA?No
- Highest Settlement or Award:$115,000
- Pending Customer Dispute Seeks Damages of :$351,089
If you’ve sustained damages from Mr. Lackwood, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Lackwood As Your Stockbroker?
Michael Lackwood has been named in multiple customer disputes, including both settled matters and a pending complaint:
- In 5/2019, a client of Oppenheimer & Co. allegedunsuitable recommendations, failure to follow sell instructions, negligence, breach of fiduciary duty, and fraud related to risky equity and options investments. The claim, FINRA Case No. 19-01308, was settled $115,000 (Mr. Lackwood personally contributed $25,000).
- In 3/2023, a client of Spring Delta Asset Management alleged losses due to trading errors in options strategies. The case was settled for $80,000.
- In 2/ 2022, another Spring Delta client allegedmisrepresentation and trading errors after a $50,000 account deposit dwindled to $709 in less than six months. The claim settled for $27,500.
- In 2/2025, a client of Spring Delta Asset Management filed a complaint alleging that Lackwood invested in leveraged ETFs and options outside the client’s risk tolerance, resulting in a 31% loss ($351,089) within months. This matter is currently pending.
Lackwood was discharged from Merrill Lynch in August 2011 for conduct tied to client loan arrangements.
Allegations of Broker Misconduct Against Michael A. Lackwood
- Unsuitable investment recommendations
- Misrepresentation and failure to disclose risks
- Failure to follow client instructions
- Negligence, breach of fiduciary duty, fraud, and concealment
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Michael A. Lackwood, 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.