Mike McFeely Allegedly Sold Unsuitable Oil & Gas Investments

Mike McFeely (CRD# 5505995[1]), a broker registered with LPL Financial, is involved in investor disputes alleging unsuitable investment recommendations. MDF Law is investigating the York, Pennsylvania financial advisor, who does business as Academy Financial, for similar conduct. If you have concerns about investments in your accounts, contact our law firm for a free consultation.

To learn more about the allegations against Mr. McFeely, continue reading this post. The information below is sourced from his BrokerCheck record, a Financial Industry Regulatory Authority profile reviewed on October 22, 2024.

Pending Disputes Seek More Than $1 Million in Damages

In 2024, eight parties of investors filed disputes involving Mr. McFeely. All eight disputes allege the recommendation of an unsuitable oil and gas investment. The disputes, which are still pending, seek more than $1.2 million in total.

Mike McFeely Defends Against Allegations

Each pending dispute’s disclosure features an identical “Broker Comment” responding to the allegations. “This was not an individual customer complaint against me,” the comment reads. “I was not a named party in any litigation, just an involved party as an advisor, in a class action type lawsuit for lack of due diligence and suitability.” The statement concludes by asserting that the investor who filed the claim “is still a client.”

What Is Academy Financial?

As his BrokerCheck profile observes, Mr. McFeely does business under the brand name Academy Financial. A professional biography[2] on that firm’s website describes him as the firm’s managing partner and former maritime officer. “He focuses on business succession, financial independence, risk management, and estate planning strategies,” the profile reads. 

Another page outlines the firm’s philosophy[3], including its focus on integrity, independence, and professionalism. “At Academy Financial, Inc. it is our uppermost desire that you become a long-term client whose goals and needs have been fully achieved through your trust and confidence in us,” the page reads. “We understand that establishing this kind of relationship does not happen overnight. It requires time-tested, diligent work, keeping our promises, and exceeding your expectations whenever possible.”

FINRA: Broker Based in York, Pennsylvania

Mr. McFeely launched his career as a broker in 2008, when he joined Lincoln Financial Advisors (now Osaic) in York, Pennsylvania. He stayed at the firm until 2024, when he joined LPL Financial’s branch office in York. With 16 years of experience as a broker, he has completed three industry exams, including the Series 66 and the Series 7. 

Oil & Gas Investment Losses? MDF Law Has Your Back

Investors who suffered losses on investments recommended by Mike McFeely may have recovery options. The broker fraud attorneys at MDF Law have decades of experience navigating the complexities of FINRA arbitration proceedings, securing tens of millions in recoveries for their clients. We take cases on a contingency basis and we provide consultations across the US. To discuss your options with a lawyer, call 800-767-8040 today.