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Michael Alexander Lackwood a stockbroker formerly registered with Oppenheimer Co. Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought as much as $500,000.00 in damages founded on allegations that between January 1, 2014 and June 30, 2018: (1) fiduciary duties had been breached (2) the customer’s account was administered negligently (3) investment instructions were not followed (4) unfounded statements concerning the risks or terms of options and equities trades had induced the customer’s transactions (5) trades were not suitable for the customer and (6) fraudulent acts and omissions caused the customer to invest in products which generated unwarranted losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01308 (Mar. 10, 2019).

FINRA Public Disclosure additionally reveals that Lackwood is the subject of a customer initiated investment related written complaint on February 11, 2018 where the customer requested $90,000.00 in damages supported by accusations that when Lackwood was associated with Oppenheimer, the customer’s account had been mismanaged; and an unauthorized stock trade was effected in the customer’s account.

Lackwood has also been terminated from former securities broker dealer, Merrill Lynch Pierce Fenner Smith Inc., based upon allegations that he entered into an unauthorized customer loan arrangement. His registration with Oppenheimer has been terminated as of July 12, 2018. Since August 10, 2018, Lackwood has been employed by APW Capital Inc.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

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Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

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