Ohio Broker Michael Richard Mackay (CRD#2279775) has been barred by FINRA for failing to comply with a regulatory investigation into alleged outside business activity.
Mackay was employed by Transamerica Financial Advisors, Inc in Cincinnati, Ohio from January 2012 to January 2019. He previously worked for World Group Securities in Duluth, GA from 2009 to 2012.
FINRA’s BrokerCheck database shows Mackay has five regulatory disclosures, including one pending customer dispute, two termination disclosures, and two tax liens.
In February 2019, FINRA regulators requested documents and information from Mackay as part of their investigation into allegations of outside business activity during his time at Transamerica.
A Letter of Acceptance, Waiver and Consent (AWC) accepted by FINRA on July 5, 2019 shows Mackay consented, without admission or denial of findings, to FINRA’s entry that he failed to comply with FINRA investigators, and did not respond to its requests for documents and information. Mackay also consented to being barred from associating with any FINRA member.
Meyer Wilson is a nationally recognized law firm which represents clients nationwide who have suffered financial losses as a result of investment fraud and misconduct. Our attorneys have experience helping wronged investors pursue financial recoveries of their losses from broker-advisors who engage in misconduct or commit regulatory violations, as well as brokerage firms that failed to supervise their employees and may potentially be liable for client losses.
If you have questions about investment losses you suffered while working with Michael Mackay and how our team may be able to help you, call (800) 738-1960 or contact us online to speak with an attorney.