Michael Lehman: $300K Complaint Against Ex-UBS Advisor

Farmington Hills, Michigan financial advisor Michael Lehman (CRD# 4999885) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Ameriprise Financial Services.

Mr. Lehman’s BrokerCheck report discloses one investor complaint. Filed in January 2025, it alleges that as a representative of UBS Financial services, he recommended an unsuitable alternative investment on which the firm failed to conduct adequate due diligence. The pending complaint alleges damages of $300,000.

Ameriprise Financial Services’ website includes a page in which Mr. Lehman describes his services as branch manager of The Schram Lehman Group, a practice at the firm. “I am committed to understanding your goals and am here to provide personalized financial advice based on your individual needs,” he explains. “When market conditions change, you can remain confident that the portfolio and plan we build together is designed to factor in market ups and downs.”

According to the Financial Industry Regulatory Authority, Michael Lehman holds 37 years of securities industry experience. Based in Farmington Hills, Michigan, he has been registered as a broker and an investment advisor with Ameriprise Financial Services since 2017. His past registrations include UBS Financial Services (2006-2017), Citigroup Global Markets (Farmington, Michigan; 1993-2006), Lehman Brothers (New York, New York; 1988-1993), and EF Hutton & Company (1987-1988). His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 26 state licenses. (Information current as of February 19, 2025.)

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