by Admin Istrator | November 9, 2021 7:28 pm
Michael Ecker (CRD# 824193), a broker based in Lake Worth, has received resolved or pending customer disputes, according to Financial Industry Regulatory Authority (FINRA) records accessed on November 2, 2021. The Center Street Securities representative allegedly recommended unsuitable investments in GPB Capital. If you have lost money investing with Mr. Ecker, you may be able to recover your losses. Call MDF Law at 800-767-8040 to discuss your options for free.
The most recently filed complaint against Mike Ecker concerns his conduct at Concorde Investment Services. The complaint, filed in September 2021, alleges breach of fiduciary duty, negligence, and supervisory failures connected to investments in GPB Auto and GPB Waste. The customer is seeking $200,000 in the pending complaint. FINRA records note that Mr. Ecker “is not named in arbitration.”
In 2020 a customer alleged that Michael Ecker, while employed at Concorde Investment Services, Kovack Securities, and Center Street Securities, sold “unsuitable illiquid REITs and private placements.” The complaint alleges that these recommendations resulted in an over-concentrated portfolio and incurred losses. The complaint settled in 2021 for $23,000.
In 2019 a customer alleged that while employed at Concorde Investment Services and Kovack Securities, Michael Eckcer breached contract and committed fraud. The complaint further alleged that he breached his fiduciary duty and violated FINRA rules in connection to investments in REITs and GPB Capital private placements. The complaint settled for a total of $60,000.
In a statement regarding the above complaint, one of the firms said that Mr. Ecker “vehemently denies the allegations against him” and believed the investments to be suitable for the customer. He “intends to vigorously defend the claims against him and will seek such additional relief, including expungement of this matter from his CRD record, as may be appropriate,” the statement concludes.
Michael Ecker has spent 24 years in the securities industry and has been registered with Center Street Securities in Lake Worth, Florida since 2018. His previous registrations include Concorde Investment Services in Wellington, Florida (2017-2018); Kovack Securities in Wellington, Florida (2013-2017); Berthel Fisher & Company Financial Services in Wellington, Florida (2010-2013); Questar Capital Corporation in Wellington, Florida (2008-2010); Thomas F. White & Company in San Francisco, California (1996-1997); Toluca Pacific Securities Corporation in Burbank, California (1995-1996); Greenway Capital Corporation in New York, New York (1995); Investacorp. in Miami, Florida (1987-1991); USLife Equity Sales Corp. (1987); Michael Philip Securities (1986-1987); G.A. Michele (1986); Shearson Lehman Brothers (1984-1986); David Lerner Associates (1982-1984); Investors Diversified Services (1976-1977); IDS Marketing Corporation (1976-1977); and IDS Life Insurance Company (1976-1977).
Mr. Ecker has passed seven securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), obtained on December 18, 2008; SIE (Securities Industry Essentials Examination), obtained on October 1, 2018; Series 7 (General Securities Representative Examination), obtained on February 16, 2010; Series 6 (Investment Company Products/Variable Contracts Representative Examination), obtained on September 18, 2008; Series 52 (Municipal Securities Representative Examination), obtained on January 16, 1982; Series 1 (Municipal Securities Representative Examination), obtained on June 23, 1976; Series 1 (Registered Representative Examination), obtained on June 23, 1976; and Series 24 (General Securities Principal Examination), obtained on February 26, 1996. Mr. Ecker holds securities registrations in Connecticut, Florida, Illinois, Kansas, New York, and Oregon.
Source URL: https://mdf-law.com/michael-ecker-lake-worth/
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