Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Michael Willard Korson Investigated Over Selling Away Claims

Meyer Wilson's securities arbitration attorneys are currently investigating former broker Michael Willard Korson over claims that he participated in selling away and that his employing firms failed to adequately supervise him.

Michael Willard Korson (CRD# 2108802) was recently barred from the securities industry by FINRA over claims of misconduct that arose during his time at PFS Investments and HBW Securities.

In his Letter of Acceptance, Waiver, & Consent, Korson accepted the following findings by FINRA:

  1. From February 2011 through August 2012, failed to disclose to his employer, PFS Investments, that he was involved in an outside business called "My Coupon Genie."
  2. Between September 2011 and May 2014 (overlapping between his time at PFS and HBW) Korson was involved in private investment transactions involving My Coupon Genie without telling either firm.
  3. Korson was accused of charging personal expenses to his My Coupon Genie company credit card in a misuse of investor funds.
  4. Finally, without getting the consent of his member firm, Korson was accused of opening and trading in an outside investment account.

My Coupon Genie was founded by Korson, and during the time of his alleged misconduct, he was acting as the CEO and majority owner of the business. The Letter of Acceptance Waiver & Consent states that two PFS customers invested $200,000 with Korson and that another customer may have invested over $900,000.

If you invested with PFS Investments or HBW Securities and Korson was your broker, you may have a claim. Meyer Wilson is currently investigating so contact one of our investment fraud lawyers for a free evaluation of your case.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram