Last Updated: April 2026 — Rockwall, TX
Here’s what you need to know about Rockwall, TX stockbroker Mike Kolacz:
- Name: Michael David Kolacz
- Current Employer: Independent Financial Group, LLC
- Prior Firms:
- International Assets Advisory, LLC (2016–2023)
- International Assets Investment Management, LLC (2016–2023)
- Cetera Advisors LLC (2013–2016)
- Woodbury Financial Services, Inc. (1996–2013)
- NEXT Financial Group, Inc. (2012)
- Other Business Affiliations:
- Epstein & Kolacz Wealth Management
- Epstein & Company, CPAs
- College Funding Solutions Inc. (consulting services)
- CRD number: 2566829
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Discloses Outstanding Liens: Yes
- Employment Separation after Allegations: Yes
- Current Customer Dispute Seeks Total Damages of: $100,000
If you’ve sustained damages from Mr. Kolacz, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mike Kolacz As Your Stockbroker?
Michael David Kolacz has been involved in customer disputes and disclosures, including a pending FINRA arbitration and prior allegations:
- In March 2026, FINRA arbitration (Case No. 26-00560) was filed alleging that Kolacz recommended an unsuitable $40,000 investment in GWG Holdings L Bonds in October 2017. The claim seeks $100,000 in damages, plus interest and costs.
How to recover losses on GWG Bonds-UPDATE
Overwhelmed by GWG Losses Some Broker Dealers Are Shutting Down
Other Investigations Involving GWG Bonds
- In March 2023, a customer complaint alleged lack of fiduciary responsibility and recommendation of high-risk direct investments that did not align with the client’s liquidity needs. The complaint was later withdrawn by the client without settlement.
Kolacz was “permitted to resign” from Cetera Advisors LLC in April 2016 following allegations related to failure to follow firm policies in connection with a variable annuity transaction.
Kolacz discloses four outstanding IRS tax liens filed in Rockwall County, TX, in 2014 and 2015, which total more than $469,000.
Allegations of Broker Misconduct Against Michael David Kolacz
- Unsuitability — Recommending investments such as GWG L Bonds that may not align with a client’s risk tolerance or objectives can violate FINRA Rule 2111 (Suitability).
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Independent Financial Group brokers
If you have suffered investment losses in an account handled by Mike Kolacz, 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.