Last Updated: February 2024 (La Jolla, CA)
Michael Frager Investigation Summary
Here’s what you need to know about La Jolla, CA, stockbroker Michael Frager:
- Name: Mr. Michael Raymond Frager
- Current Employer: Willow Cove Investment Group, Balboa Wealth Partners (RIA)
- DBA: FSA Integrated
- Previous Firms: Integrity Brokerage Services, Centaurus Financial, Independent Financial Group
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Michael Frager
- Primary Location: La Jolla, CA
- CRD 1230622
- Can Michael Frager be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Terminated by a prior Employer: Yes
- Highest Settlement or Award: $200,000
- Two Pending Customer Disputes Seek Damages of $250,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Frager As Your Stockbroker?
Michael Frager discloses two pending disputes brought by customers of Integrity Brokerage Services alleging unsuitable recommendations causing losses of $125,000 in each case, for a total of $250,000.
Frager has 8 prior settlements with clients, including:
- $28,000 to a client who alleged excessive trading and unsuitable investments
- $200,000 to a client who alleged inappropriate use of mutual fund share class and margining of mutual funds
- $25,000 to a client alleging unauthorized trading
- $72,500 to customer alleging excessive trading in speculative stocks
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against Michael Frager
Customers of Michael Frager have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Excessive Trading (Churning)
- Improper use of margin borrowing
- Trading in speculative stocks
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
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
Other Investigations Involving Churning
If you have suffered investment losses in an account handled by Michael Frager, 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.
