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Michael Keen: Vanguard Closed Complaint Against Charlotte Advisor
Charlotte, North Carolina financial advisor Michael Keen (CRD# 6585665) was recently involved in an investor complaint alleging his conduct resulted in five-figure losses. Records maintained by the Financial Industry Regulatory Authority and the Securities and Exchange Commission indicate that the former Vanguard Advisers broker is currently an investment advisor with Byron Financial.
Mr. Keen’s BrokerCheck report discloses one investor complaint. Filed in October 2022, it alleged that as a representative of Vanguard Advisers, he recommended investments “in longer term bond instruments in a rising interest rate environment, resulting in over $90,000.00 in unrealized losses.”
The complaint, which concerned activities between July 2021 and June 2022, did not allege specific damages, though it specified that the claimant incurred more than $90,000 in unrealized losses. It was closed with no action taken by the firm, which stated in a comment included with the disclosure: “The firm found that the investment recommendations made by the advisor were consistent with Vanguard’s investment and advice methodology. There was no indication of any wrongdoing by the advisor.”
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Michael Keen holds seven years of securities industry experience. Based in Charlotte, North Carolina, he has been an investment advisor with Byron Financial since June 2022 and is not currently registered as a broker. His registration history includes Vanguard Advisers (Charlotte, North Carolina; 2018-2022) and Vanguard Marketing Corporation (Charlotte, North Carolina; 2015-2022). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed as an investment advisor in North Carolina. (Information current as of January 12, 2023.)
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.