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Michael Kane: $135K Bond Complaint Against Hilltop Advisor
A recent investor complaint against Plano, Texas financial advisor Michael Kane (CRD# 2453018) alleges that his investment advice resulted in damages exceeding $100,000. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Hilltop Securities.
Mr. Kane’s BrokerCheck report discloses four investor complaints. The most recent, filed in July 2022, alleges that as a representative of Hilltop Securities, he misrepresented material facts, omitted material facts, and recommended unsuitable investments in corporate bonds and structured notes. The pending complaint alleges damages of $135,000.
An earlier investor complaint, filed in 2018, alleged that as a representative of BBVA Securities, he committed fraud and misrepresented material facts relating to an investment. The complaint alleged damages of $235,000 and was denied by the firm.
A third investor complaint, filed in 2017, alleged that he recommended an unsuitable structured note. The complaint alleged unspecified damages and was denied by the firm.
A fourth investor complaint, filed in 2017, alleged that as a representative of BBVA Securities, he misrepresented material facts related to an investment in index-linked certificates of deposit. The complaint reached a settlement of $11,259.
According to the Financial Industry Regulatory Authority, Michael Kane holds 16 years of securities industry experience. Based in Plano, Texas, he has been a broker and an investment advisor with Hilltop Securities since 2020. His past registrations include BBVA Securities (Allen, Texas; 2015-2020), Cetera Investment Services (Garland, Texas; 2014-2015), JP Morgan Securities (Monroe, Louisiana; 2012-2014), Chase Investment Services Corporation (Alexandria, Louisiana; 2007-2012), and Capital One Investments (Slidell, Louisiana; 2006-2007). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the Registered Options Principal Examination, or Series 4; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arkansas, Illinois, Michigan, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Texas, and Washington. (Information current as of September 28, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.