Michael Reither, Formerly of First Allied Securities, Accused of Dishonest or Unethical Conduct by Missouri Securities Division

Reither is accused of borrowing money from a customer while employed by First Allied Securities.

The Sonn Law Group is investigating allegations that Michael Reither borrowed money from a customer. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Michael Reither, Formerly of First Allied SecuritiesMichael Reither (CRD#: 853363) was previously employed by First Allied Securities from 2008 until 2017. More recently, he was employed with Dominion Investor Services from 2017 until 2018.

In April 2020, the Missouri Securities Division ordered Reither to cease and desist and show cause why restitution of over $46,000 should not be paid.

The Securities Division alleged that Reither engaged in dishonest and unethical conduct by borrowing money from a client while he was employed with First Allied Securities. He also failed to inform his employer of the outside business activity with the client. Reither has yet to repay the loan made by the client.

The Securities Division is seeking an order for restitution of at least $46,839 plus interest, a civil penalty of $10,000, investigation costs, and permanently barring Reither from acting as a broker-dealer agent or investment adviser representative.

Reither has two other disclosures on his BrokerCheck report.


November 2017 Employment Separation After Allegations


January 2013 Customer Dispute


Contact Us Today

The Sonn Law Group is currently investigating allegations that Michael Reither borrowed money from a customer. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.