Advisor Alert: Our Attorneys Are Investigating Michael Glen Hill For Investment Fraud

Chetan Patil on January 17, 2024

Did You Lose Money Because of Michael Hill?

Filed: January 16, 2024

Michael Glen Hill has been the subject of three one (1) regulatory event and five (5) 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 Glen Hill.

Who Is Michael Glen Hill of Osaic Wealth, Inc.?

  • Advisor Name: Michael Glen Hill
  • Aliases: Michael Glenn Hill
  • CRD: 3026108
  • Location: Plano, Texas
  • Current Employer: Osaic Wealth, Inc.
  • Previous Firms: Sagepoint Financial, Inc. and Berthel Fisher & Company Financial Services, Inc.
  • Number of Known Customer Complaints: 5
  • Number of Known Regulatory Events: 1
  • Can Michael Hill Be Sued: Yes, in Private Arbitration
  • Can Michael Hill’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $450,000
  • Highest Settlement: $80,000

If you have suffered investment losses by Michael Hill, 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 Hill For Broker Misconduct

As of this publication date, Michael Hill has been the subject of 1 regulatory event and 5 customer disputes. Let’s review them below.

In April 2019, a FINRA arbitration was filed against or in reference to Michael Hill by a customer of Sagepoint Financial, Inc. alleging unsuitable REIT investments. Per the customer, he/she lost over $51,000 because of Mr. Hill’s actions. On December 19, 2020, Mr. Hill settled the claim for $14,500, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.

In March 2014, a FINRA arbitration was filed against or in reference to Michael Hill by a customer of Berthel Fisher & Company Financial Services, Inc. alleging that Mr. Hill misrepresented the 2007 REIT investment and did not explain that the investment was illiquid. Per the customer, he/she lost over $22,250 because of Mr. Hill’s actions. On October 15, 2015, Mr. Hill settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.

In April 2012, a FINRA arbitration was filed against or in reference to Michael Hill by multiple customers of Berthel Fisher & Company Financial Services, Inc. alleging that the investments were unsuitable and misrepresented to them. Clients also allege the firm failed to supervise and conduct adequate supervision. Per the customers, they lost over $450,000 because of Mr. Hill’s actions. On July 27, 2012, Mr. Hill settled the claim for $80,000, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.

In April 2012, a FINRA arbitration was filed against or in reference to Michael Hill by multiple customers of Berthel Fisher & Company Financial Services, Inc. alleging that the investments were unsuitable and misrepresented to them. Clients also allege the firm failed to supervise and conduct adequate supervision. Per the customers, they lost over $350,000 because of Mr. Hill’s actions.

In December 2001, a complaint was filed against or in reference to Michael Hill by a customer of Williams Financial Group, Inc. alleging that Mr. Hill misrepresented the customer’s ability to roll over his Van Kampen UIT without reducing the number of shares owned. Per the customers, they lost over $11,000 because of Mr. Hill’s actions. On February 15, 2002, Mr. Hill settled the claim for $9,700, and some or all of this amount may have been paid by Mr. Hill’s employer and/or insurance carrier.

In September 1998, Texas State Securities Board initiated a regulatory action against or in reference to Michael Hill for offering and selling securities when he was unregistered.

How To File A Claim Against Michael Hill of Osaic Wealth, Inc. (previously with Sagepoint Financial, Inc. and Berthel Fisher & Company Financial Services, Inc.) To Get Your Money Back.

If you have questions about Michael Hill, Osaic Wealth, Inc., Sagepoint Financial, Inc., Berthel Fisher & Company Financial Services, Inc., 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.