There are options for clients of Hilltop Securities, Inc. broker Michael Kane III (CRD# 5099883), who lost money investing due to unsuitable investment recommendations. He has been registered with Momentum Independent Network Inc. in Dallas, Texas, since 2023. Previously, he was registered with Hilltop Securities Inc. in Plano, Texas, from 2020 to 2023 and with BBVA Wealth Solutions Inc. in Allen, Texas, from 2015 to 2020.
Michael Kane III Customer Complaints
He has been the subject of four customer complaints between 2017 and 2022, two of which were denied, according to his CRD report:
July 2022. “Unsuitable recommendations, misrepresentation and omission.” The customer is seeking $164,964.84 in damages and the case is currently pending. The complaint was regarding corporate debt and structured notes, and it took place while he was registered with Hilltop Securities, Inc.
February 2017. “Customer purchased index linked certificates of deposit in September, 2016. In a written complaint to the SEC, customers claim that representative misrepresented the CD terms.” The customer sought $20,000 in damages, and the case was settled for $11,259. The complaint took place while he was registered with BBVA Wealth Solutions Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Hilltop Securities, Inc. may be liable for investment or other losses suffered by Michael Kane III’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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