Advisor Alert: Our Attorneys Are Investigating Michael Edgar Freeman For Investment Fraud
Did You Lose Money Because of Michael Freeman?
Filed: January 16, 2024
Michael Freeman currently has one (1) pending judgment/lien event. Overall, he has been the subject of two (2) regulatory events, two (2) criminal events, two (2) customer complaints, one (1) termination event, and one (1) judgment/lien event. 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 Edgar Freeman.
Who Is Michael Edgar Freeman?
- Advisor Name: Michael Edgar Freeman
- Aliases: Michael E. Freeman Saulsberre
- CRD: 2311151
- Location: New York, New York
- Current Employer: Currently Not Registered
- Previous Firms: Spartan Capital Securities, LLC, Legend Securities, Inc., and Meyers Associates, L.P.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 2
- Number of Known Criminal Events: 2
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 1
- Can Michael Freeman Be Sued: Yes, in Private Arbitration
- Can Michael Freeman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $64,860
- Highest Settlement: $1,500
If you have suffered investment losses by Michael Freeman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Freeman For Broker Misconduct
As of this publication date, Michael Freeman has been the subject of 2 regulatory events, 2 customer disputes, 2 criminal events, 1 termination event, and 1 judgment/lien event. Let’s review them below.
In January 2020, a FINRA arbitration was filed against or in reference to Michael Freeman by a customer of Spartan Capital Securities, LLC alleging misrepresentation and unsuitable recommendations. Per the customer, he/she lost over $6,407 because of Mr. Freeman’s actions. On February 22, 2022, Mr. Freeman settled the claim for $1,500, and some or all of this amount may have been paid by Mr. Freeman’s employer and/or insurance carrier.
In August 2019, FINRA initiated a regulatory action against or in reference to Michael Freeman for failing to respond to FINRA request for information.
In May 2019, FINRA initiated a regulatory action against or in reference to Michael Freeman for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In January 2018, felony charges were pressed against Mr. Freeman in the Criminal Court of the City of New York. Mr. Freeman received 1 felony charge of criminal possession of a controlled substance.
In November 2017, a FINRA arbitration was filed against or in reference to Michael Freeman by a customer of Legend Securities, Inc. alleging unsuitable transactions, failure to supervise, exploitation of an elderly person, churning, and respondeat superior. Per the customer, he/she lost over $64,860 because of Mr. Freeman’s actions. An arbitration panel found that Michael Freeman was negligent and awarded $67,360.99 in favor of the customers.
In November 2011, Michael Freeman was the subject of a civil judgment or lien in the amount of $13,342. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In April 2011, National Securities Corp terminated Michael Freeman after fingerprint submission indicated the existence of a disclosable event, which was not disclosed by the Mr. Freeman during the initial hiring process, and may have required Form U4 reporting.
In April 2010, misdemeanor charges were pressed against Mr. Freeman in the Hennipen County District Court for unlawfully obtaining services (jumped a subway terminal to avoid payment).
How To File A Claim Against Michael Freeman (previously with Spartan Capital Securities, LLC, Legend Securities, Inc., and Meyers Associates, L.P.) To Get Your Money Back
If you have questions about Michael Freeman, Spartan Capital Securities, LLC, Legend Securities, Inc., Meyers Associates, L.P., 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.