Last Updated: September 2023 (Plano, Texas)
Michael J. Kane, III, Investigation Summary
Here’s what you need to know about Plano, Texas, stockbroker Michael J. Kane, III:
- Name: Mr Michael Joseph Kane, III
- Current Employer: Momentum Independent Network
- Previous Firms: Hilltop Securities, BBVA Wealth Solutions, Cetera Investment Advisers, J.P. Morgan Securities, Chase Investment Services, Capital One Investments
- Function: Stock Broker/ Financial Advisor
- Aliases: Michael J. Kane, III
- Primary Location: Plano, Texas
- CRD 5099883
- Can Michael J. Kane, III, be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Has Pending Customer Dispute Seeking Damages of $164,964
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael J. Kane, III, As Your Stockbroker?
In 7/2022 a customer of Hilltop Securities filed a FINRA arbitration alleging that Michael J. Kane, III, made unsuitable recommendations and misrepresentations with respect to a structured note. The customer seeks damages of $164,964 in this currently pending matter.
Earlier in his career a customer of BBVA Securities was paid a settlement of $11,259 to resolve allegations that Kane misrepresented the terms of a CD investment.
In 11/2018 another customer of BBVA Securities alleged that Kane fraudulently misrepresented two structured certificates of deposit and caused damages of $235,000. The firm denied the claim and the customer apparently did not pursue the matter further.
Allegations of Broker Misconduct Against Michael J. Kane, III
Customers of Michael J. Kane, III, have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Fraudulently misrepresented the terms of an investment.
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 J. Kane, III, contact us for a complimentary consultation with an experience 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.
