Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 14, 2018 indicate that Iowa-based Commonwealth Financial Network broker/adviser Michael Hefner has been the subject of a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Hefner (CRD# 2949943).
Michael Hefner has spent 20 years in the securities industry and has been registered with Commonwealth Financial Network in West Des Moines, Iowa since 2004. He was previously registered with Intersecurities in St. Petersburg, Florida (1997-2004). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 17, 1997; Series 7 (General Securities Representative Examination), which he obtained on December 16, 1997; and Series 24 (General Securities Principal Examination), which he obtained on March 21, 2011. He is a registered broker and investment adviser with twenty US states and territories: Arizona, Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New York, Oregon, Pennsylvania, South Dakota, Tennessee, Virginia, and Washington. He is registered with one self-regulatory organization (SRO), FINRA.
According to his BrokerCheck report, he has received one customer complaint.
In 2006 a customer alleged Michael Hefner, while employed at Intersecurities, “displayed gross negligence and professional malpractice by commingling her personal and corporate funds,” charged excessive commissions and premiums, and managed the account such that investments lost profit. The complaint resulted in an award to the customer of more than $215,600.
If you or someone you know has lost money investing with Michael Hefner, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.