Last Updated: February 2025, Logan, UT
Here’s what you need to know about Logan, UT stockbroker John Reed Mickelson:
- Name: Mr. John Reed Mickelson
- CRD Number: 2628700
- Current Employers:
- Strategic Advocates, LLC, Logan, UT (Registered since 09/2022)
- CreativeOne Securities, LLC, Logan, UT (Registered since 03/2024)
- Former Employers:
- Cambridge Investment Research, Inc. (10/2012 – 12/2022)
- Crown Capital Securities, L.P. (01/2023 – 03/2024)
- Woodbury Financial Services, Inc. (05/2007 – 10/2012)
- Equity Services, Inc. (07/2001 – 05/2007)
- Function: Stockbroker / Financial Advisor
- DBA: Mickelson Financial Services, Mickelson Consulting, Skyview One Financial Services Solution
- Primary Location: Logan, UT & Manhattan Beach, CA
- Pending Customer Dispute: Yes
If you’ve sustained damages from Mr. Mickelson, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with John Mickelson as Your Stockbroker?
John Mickelson is facing a pending customer dispute related to his time at Cambridge Investment Research, Inc. The customer alleges that Mickelson recommended speculative and high-risk alternative investments in the oil and gas sector to generate high commissions and fees.
Case Summary:
- Filing Date: January 21, 2025
- Forum: FINRA Arbitration
- Case Number: 25-00140
- Product Type: Oil & Gas Investments
- Alleged Misconduct: Unsuitable Investment Recommendations
- Damages Sought: Not specified, but includes claims for compensatory damages, statutory damages, interest, attorney fees, and punitive damages.
Other Investigations involving Oil and Gas Investments
Allegations of Broker Misconduct Against John Mickelson
A customer of John Mickelson alleges the following wrongdoing in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: Allegedly recommended high-risk alternative investments in oil and gas without considering the customers’ financial needs and risk tolerance, violating FINRA Rule 2111 (Suitability).
- Excessive Commissions: Customers allege that recommendations were driven by the potential to generate high commissions and fees for Mickelson.
- Failure to Disclose Risks: Did not adequately inform customers of the significant risks associated with speculative oil and gas investments.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by John Mickelson, 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.