Advisor Alert: Our Attorneys Are Investigating Michael Power Rainbolt For Investment Fraud
Did You Lose Money Because of Michael Rainbolt?
Filed: November 29, 2023
Michael Rainbolt 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 Power Rainbolt.
Who Is Michael Power Rainbolt of LPL Financial LLC?
- Advisor Name: Michael Power Rainbolt
- Aliases: Michael Power Rainbolt, Michael Rainbolt
- CRD: 5191959
- Location: Edmond, Oklahoma
- Current Employer: LPL Financial LLC
- Previous Firms: Royal Alliance Associates, Inc., Summit Financial Services, and Lincoln Financial Advisors Corporation
- Number of Known Customer Complaints: 1
- Can Michael Rainbolt Be Sued: Yes, in Private Arbitration
- Can Michael Rainbolt’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: $19,000
If you have suffered investment losses by Michael Rainbolt, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Rainbolt For Broker Misconduct
As of this publication date, Michael Rainbolt has been the subject of 1 customer dispute. Let’s review it below.
In March 2020, a complaint was filed against or in reference to Michael Rainbolt by a customer of Edward Jones alleging that Mr. Rainbolt took out a margin loan on her account without her authorization. On April 8, 2020, Mr. Rainbolt settled the claim for $19,000, and some or all of this amount may have been paid by Mr. Rainbolt’s employer and/or insurance carrier.
How To File A Claim Against Michael Rainbolt of LPL Financial LLC (previously with Edward Jones) To Get Your Money Back.
If you have questions about Michael Rainbolt, LPL Financial LLC, Edward Jones, 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.