Did You Lose Money Because of Michael Fahsholtz?
Filed: February 9, 2024
Michael Fahsholtz has been the subject of twelve (12) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Michael Anthony Fahsholtz.
Who Is Michael Anthony Fahsholtz?
- Advisor Name: Michael Anthony Fahsholtz
- Aliases: Michael Fahsholtz
- CRD: 2057306
- Location: Wenatchee, Washington
- Current Employer: Currently Not Registered
- Previous Firms: Stifel, Nicolaus & Company, Incorporated, Wells Fargo Advisors, LLC, and Wells Fargo Investments, LLC
- Number of Known Customer Complaints: 12
- Can Michael Fahsholtz Be Sued: Yes, in Private Arbitration
- Can Michael Fahsholtz’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $500,000
- Highest Settlement: $75,000
If you have suffered investment losses by Michael Fahsholtz, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Michael Fahsholtz For Broker Misconduct
As of this publication date, Michael Fahsholtz has been the subject of 12 customer disputes. Let’s review them below.
In November 2021, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging violation of the Securities Act of Washington, breach of fiduciary duty, unsuitable investment recommendations, violation of FINRA Rule 3110, negligence, and breach of contract. Per the customers, they lost over $255,791 because of Mr. Fahsholtz’s actions. On November 22, 2022, Mr. Fahsholtz settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In February 2021, a complaint was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging violations of the Securities Act of Washington, breach of fiduciary duty, unsuitable investment recommendations, violation of FINRA Rule 3110, and negligence. Per the customers, they lost over $106,000 because of Mr. Fahsholtz’s actions. On May 20, 2021, Mr. Fahsholtz settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In December 2020, a complaint was filed against or in reference to Michael Fahsholtz by a customer of Stifel, Nicolaus & Company, Incorporated alleging that Mr. Fahsholtz bought inappropriate stocks, bonds, and UITs. 5/6/14 through 6/9/17. Per the customer, he/she lost over $40,000 because of Mr. Fahsholtz’s actions. On February 19, 2021, Mr. Fahsholtz settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In September 2020, a complaint was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging violation of the Securities Act of Washington, breach of fiduciary duty, and unsuitable investment recommendations. Per the customers, they lost over $45,000 because of Mr. Fahsholtz’s actions. On November 6, 2020, Mr. Fahsholtz settled the claim for $14,500, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In July 2020, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging violation of federal securities laws, violation of Washington Securities Act, violation of Washington’s Consumer Protection Act, breach of contract, common law fraud, breach of fiduciary duty, negligence, and gross negligence. Per the customers, they lost over $100,000 because of Mr. Fahsholtz’s actions. On July 12, 2022, Mr. Fahsholtz settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In May 2020, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging violation of the Securities Act of Washington, breach of fiduciary duty, unsuitable investments, violation of FINRA Rule 3110, negligence and breach of contract. Per the customers, they lost over $240,000 because of Mr. Fahsholtz’s actions. On October 22, 2020, Mr. Fahsholtz settled the claim for $48,500, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In March 2020, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by a customer of Stifel, Nicolaus & Company, Incorporated alleging common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington. Per the customer, he/she lost over $90,000 because of Mr. Fahsholtz’s actions. On January 3, 2022, Mr. Fahsholtz settled the claim for $13,500, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In February 2020, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington. Per the customers, they lost over $250,000 because of Mr. Fahsholtz’s actions. On January 3, 2022, Mr. Fahsholtz settled the claim for $37,500, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In November 2019, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington. Per the customers, they lost over $500,000 because of Mr. Fahsholtz’s actions. On March 24, 2022, Mr. Fahsholtz settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In April 2019, a FINRA arbitration was filed against or in reference to Michael Fahsholtz by a customer of Stifel, Nicolaus & Company, Incorporated alleging common law fraud, breach of fiduciary duty, negligence, breach of contract, violation of Washington Consumer Protection Act, and violation of Securities Act of Washington. Per the customer, he/she lost over $250,000 because of Mr. Fahsholtz’s actions. On January 3, 2022, Mr. Fahsholtz settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Fahsholtz’s employer and/or insurance carrier.
In April 2019, a complaint was filed against or in reference to Michael Fahsholtz by multiple customers of Stifel, Nicolaus & Company, Incorporated alleging churning and that Mr. Fahsholtz mismanaged claimants’ accounts and made poor recommendations. Per the customers, they lost over $325,000 because of Mr. Fahsholtz’s actions.
In January 1998, a complaint was filed against or in reference to Michael Fahsholtz by a customer of Seafirst Investment Services, Inc. alleging that an inappropriate tax-deferred annuity was sold to the client (a trust). Per the customer, he/she lost over $24,534 because of Mr. Fahsholtz’s actions.
How To File A Claim Against Michael Fahsholtz (previously with Stifel, Nicolaus & Company, Incorporated, Wells Fargo Advisors, LLC, and Wells Fargo Investments, LLC) To Get Your Money Back
If you have questions about Michael Fahsholtz, Stifel, Nicolaus & Company, Incorporated, Wells Fargo Advisors, LLC, Wells Fargo Investments, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
