Advisor Alert: Our Attorneys Are Investigating Michael James Petyak For Investment Fraud
Did You Lose Money Because of Michael Petyak?
Filed: October 26, 2023
Michael Petyak has been the subject of one (1) customer complaint. 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 James Petyak.
Who Is Michael James Petyak of Calton & Associates, Inc., and Advisory Services Network?
- Advisor Name: Michael James Petyak
- Aliases: Michael J Petyak
- CRD: 2976602
- Location: Ridgeland, Mississippi
- Current Employer: Calton & Associates, Inc., and Advisory Services Network
- Previous Firms: Cambridge Investment Research Advisors, Inc., Cambridge Investment Research, Inc., and LPL Financial LLC
- Number of Known Customer Complaints: 1
- Can Michael Petyak Be Sued: Yes, in Private Arbitration
- Can Michael Petyak’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: $675,000
If you have suffered investment losses by Michael Petyak, 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 Petyak For Broker Misconduct
As of this publication date, Michael Petyak has been the subject of 1 customer dispute. Let’s review it below.
In April 2022, a FINRA arbitration was filed against or in reference to Michael Petyak by multiple customers of Cambridge Investment Research, Inc. alleging that Mr. Petyak made an investment recommendation for the purpose of generating high commissions and fees and that claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio. On July 25, 2023, Mr. Petyak settled the claim for $675,000, and some or all of this amount may have been paid by Mr. Petyak’s employer and/or insurance carrier.
How To File A Claim Against Michael Petyak of Calton & Associates, Inc., and Advisory Services Network (previously with Cambridge Investment Research Advisors, Inc., Cambridge Investment Research, Inc., and LPL Financial LLC) To Get Your Money Back.
If you have questions about Michael Petyak, Calton & Associates, Inc., Advisory Services Network, Cambridge Investment Research Advisors, Inc., Cambridge Investment Research, Inc., LPL Financial 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.