Last Updated: November 2023 (Gaithersburg, MD)
Michael Boswell Investigation Summary
Here’s what you need to know about Gaithersburg, MD, stockbroker Michael Boswell:
- Name: Mr. Michael Robert Boswell
- Current Employer: Digital Offering LLC
- Previous Firms: TriPoint Global Equities
- Function: Stock Broker/ Financial Advisor
- Aliases: Michael Boswell
- Primary Location: Gaithersburg, MD
- CRD 5292563
- Can Michael Boswell be sued in FINRA arbitration: Yes
- Sanctioned by FINRA:Yes
- Highest Settlement or Award: $400,000
- Pending Customer Dispute Seeks Damages of $1,500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Boswell As Your Stockbroker?
FINRA sanctioned Michael Boswell in 2019 for deficiencies in the anti money laundering policies and procedures at his then member firm TriPoint Global Equities. He was fined $10,000 and suspended from acting in a principal capacity for 30 days.
In 2018 a customer of TriPoint Global Equities was paid $400,000 to resolve allegations that Michael Boswell failed to perform adequate due diligence on a private placement recommended to the customer.
Another case is currently pending by a customer of TriPoint Global Equites alleging failure to complete due diligence on a private placement and for failure to disclose commissions. Damages of $1.5 million are sought in this currently pending matter.
Allegations of Broker Misconduct Against Michael Boswell
Customers of Michael Boswell have alleged the following wrongdoing in connection with the handling of customer accounts:
- Failure to perform adequate due diligence
- Failure to disclose commissions
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Michael Boswell, 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.
