Broker Michael Calvin – Complaints & Compensation

Investor Claims Against Broker Michael Calvin

Michael Calvin is a registered FINRA-regulated broker with 19 years of experience between seven firms. Mr. Calvin has previously been registered with:

  1. UBS Financial Services Inc.
  2. Merrill Lynch, Pierce, Fenner & Smith Incorporated
  3. Covenant Advisors, LLC
  4. World Group Securities, Inc.
  5. Eltekon Securities, LLC
  6. The Penn Investment Group, Inc,

In his 19 years of experience, Mr. Calvin has two customer disputes according to his FINRA BrokerCheck. The first came in January 2020 and settled for $450,388.65. In this claim, the client alleged that Mr. Calvin misrepresented fees and commissions. The second allegation was in July 2020 when a customer alleged that between January and July 2020, there was excessive trading in their account. This allegation requested $485,000 in damages.

Under the FINRA Rules, firms and brokers are required to deal fairly with their clients. Brokers are required to charge fair and reasonable fees. Brokerage firms and brokers who charge excessive fees may be liable for damages and be responsible for reimbursing clients any overcharges. Further, excessive trading or churning also violates industry standards.

If you were a client of Michael Calvin and suffered losses, were overcharged fees or commissions, or had your account churned or excessively traded, or received bad or unsuitable investment advice, you may have a legal right to assert a claim to recover damages. It may be difficult for you to determine whether you suffered damages. We can help evaluate your account and determine whether there was any misconduct if you have any questions.

The Securities and Business Litigation team at Levin, Papantonio, Rafferty, Proctor, Buchanan, O’Brien, Barr & Mougey, P.A. will investigate the transactions that Calvin made on your behalf and fight to recover your losses. We charge you attorney’s fees only if we recover for you.

 
 
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Below are some of the emails and letters that our clients have sent us.

At a time in our life when we were most vulnerable we lost control of our finances. We fell victim to a broker that took huge commissions and did not disclose that we were not able to access our money. Peter Mougey and his wonderful staff worked with us to make us whole again and got our money released. I cannot say enough about their work ethic, professionalism, and kindness during this stressful time for us. We had a 100% positive conclusion to our case and we strongly recommend Peter and the firm. We can now sleep at night! Fred & Pat H.

My husband and I were very pleased with the work that Peter and his team provided. He was very knowledgeable of the circumstances of our case and kept us informed throughout the process. He is extremely qualified and worked diligently on our behalf. We are positive that this case would not have been resolved in our favor had it not been for Peter's expertise and his passion. He definitely cares about his clients and we sincerely appreciate his efforts. Rachel C.

FRS is a governmental body. FRS retained the services of Peter Mougey of the LP law firm in a multimillion dollar lawsuit involving extremely complex issues. Mr. Mougey quickly mastered the issues and gave advice that was vital in bringing about a successful resolution. Two of the most important features of Mr. Mougey’s representation was his understanding of government and his ability to communicate complicated legal concepts to a 10-member board of trustees in language that was easily understood by all. I did not know Mr. Mougey before FRS retained him and, fortunately, have not experienced circumstances where the system would need his services again. However, if needed, I would have no hesitation in retaining his services again. Please let me know if you need any additional information or assistance. Steven S.

Edison's famous adage can't ever be ignored of course: 1 part inspiration and 99 parts perspiration. However the two attitudes must be present indissolubly--both are essential--if results are to be obtained. Peter Mougey’s group is aware of such a requirement, they work very hard at the latter, and the former comes easily to them, a rare combination anywhere to be found indeed. Raphael B.

I would like to express my sincere gratitude to Peter Mougey and your entire team on behalf of my family for the amazing job done during your representation. From day one I received kindness, rapid responses to all of my questions, with polite and patient encounters with all of your staff assistants. You are the best- and I will be eternally grateful to you and your entire team. Michelle E.