Last Updated: June 2025 – Gilbert, Arizona
Here’s what you need to know about Gilbert, AZ, stockbroker Michael D. Roberts:
- Name: Mr. Michael David Roberts
- CRD Number: 4700058
- Current Employer: The Strategic Financial Alliance, Inc.
- Prior Employers: Triad Advisors LLC, Centaurus Financial Inc., JP Turner & Company, Brookstreet Securities, Raymond James Financial Services
- Function: Stockbroker / Registered Investment Advisor
- Primary Location: Gilbert, AZ—Eugene, OR
- DBA: Oak Wealth Management
- Can Michael Roberts be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Reported Award or Settlement: $85,625
- Pending Customer Dispute Seeks Damages of: $2,235,000
If you’ve sustained damages from Mr. Roberts, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Mike Roberts As Your Stockbroker?
Michael D. Roberts is facing a pending FINRA arbitration (Case No. 25-00836) filed in May 2025. The case alleges that Mr. Roberts, while associated with several firms including Triad Advisors LLC, Centaurus Financial Inc., and The Strategic Financial Alliance, recommended unsuitable direct participation programs and real estate securities that were not aligned with the customers’ investment needs and objectives. The claimants are seeking $2,235,000 in damages.
See this for more information on REITs and Other Alternative Investments
In a previous FINRA arbitration (Case No. 17-00088), filed in October 2017, the customer alleged a lack of due diligence and unsuitable recommendations involving real estate investments. The case was settled for $7,500.
In a civil litigation case (Case #16-10-24223) filed in the Oregon Circuit Court, Lake County, Oregaon a client alleged misrepresentation in the sale of a variable annuity. This resulted in a settlement of $85,625, fully paid by Mr. Roberts individually.
Allegations of Broker Misconduct Against Michael D. Roberts
Customers have raised multiple allegations against Michael D. Roberts, including:
- Unsuitable Recommendations of Direct Participation Programs (DPPs) and Real Estate Securities
- Lack of Due Diligence
- Misrepresentation of Variable Annuity Features
- Omissions of Material Facts
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Mike Roberts, 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.