Broker Investigation: Michael E. Heath

Michael Eugene Heath (CRD#: 2708198) is an actively registered FINRA broker. Currently this individual is associated with Infinity Financial Services and he is based in Ladera Ranch, California.

Previously, this broker has also been employed at Western International Securities, Securities America, and First Allied Securities.

On October 30th, 2018, Michael E. Heath was suspended by FINRA for 45 days and assessed a $12,500 fine for his failure to comply with his former brokerage firm’s communication guidelines. Here, our FINRA arbitration lawyers review FINRA’s findings.

Suspended Broker: Michael E. Heath of Infinity Financial Services

According to FINRA, the underlying misconduct in this case occurred between 2011 and 2016. At that time, Mr. Heath was employed at First Allied Securities. On February 6th, 2016, Mr. Heath was terminated by First Allied after he admitted to the firm’s compliance department that he failed to comply with internal email guidelines.

Upon review of the allegations, FINRA determined that Mr. Heath circumvented his brokerage’s firm’s communication rules by conducting business using an unapproved personal email account. As a result, records were not properly kept. This is a violation of FINRA Rule 4511. Without admitting or denying any wrongdoing in this case, former First Allied Securities broker Michael E. Heath consented to FINRA’s penalties.

Contact Our FINRA Arbitration Lawyers Today

At Sonn Law Group, our broker negligence attorneys have deep experience with FINRA arbitration claims. If you lost money due to financial advisor fraud or negligence, we can help. Contact our legal team today for a free case evaluation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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