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Mike Brinton: Apollon Wealth Denies Claim Against Nashville Advisor
Apollon Wealth Management advisor Mike Brinton (CRD# 1565431) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former Zermatt Securities broker, who is also an investment advisor with Terra Wealth, is based in Nashville, Tennessee.
Complaint Alleged Mismanagement
Mr. Brinton’s BrokerCheck report discloses two investor complaints. The most recent, filed in October 2022, alleged that as a representative of Apollon Wealth Management, he mismanaged the customer’s account. The complaint damages of $700,000 and was denied by the firm. An earlier complaint, filed in 1989, alleged unauthorized trading and resulted in an award to the customer of $66,936.35.
Why Did NYSE Sanction Mike Brinton?
FINRA records also disclose Mr. Brinton’s involvement in a 2007 enforcement action by the New York Stock Exchange. According to the self-regulatory organization’s findings, he engaged in an outside business activity and/or received compensation for an outside business activity without obtaining written consent from his member firm. The action alleged further that he participated “in conduct inconsistent with just and equitable principles of trade” by facilitating outside investments away from UBS Financial Services by firm customers without the firm’s approval. He also allegedly made material misstatements in firm compliance certifications, according to the sanction, and made material misstatements to his office manager in connection with his outside business activity. The NYSE censured him, ordered him to pay a fine of $10,000, and suspended him from employment or association in any capacity with any NYSE member or member organization.
FINRA: Brinton Based in Nashville, Tennessee
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Mike Brinton holds 35 years of securities industry experience. Based in Nashville, Tennessee, he has been an investment advisor with Terra Wealth since November 2022 and with Apollon Wealth Management since July 2021. His registration history includes Hayden Royal, Zermatt Securities, Cary Street Partners, Stifel Nicolaus & Company, and UBS Financial Services. He is licensed in Tennessee. More information about his background in the securities industry is available via FINRA and the SEC. (Information current as of November 23, 2022.)
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