FINRA Suspends Michael Anton Crowe of Mesa, Arizona

FINRA suspended Michael Anton Crowe for failing to disclose his participation in a private securities transaction for compensation involving a real estate investment company to his member firm.  Crowe solicited two customers and accepted a $50,000 check for investment to a real estate investment company, receiving a $2,500 referral fee.  The real estate investment company promised an annual return on investment of upwards of 8%, however, just days after the investment Crowe learned that the company owner was being sued for improper use of investor funds.  The client only received a $1,250 return on their investment.

Without admitting or denying the findings, Crowe consented to the FINRA sanctions and their entry of findings.  In late 2017, FINRA issued an Acceptance, Waiver & Consent (AWC) and assessed Crowe a deferred fine of $5,000, suspended him from association with any FINRA member in all compacities for one month, and ordered him to pay $2,500 plus interest in deferred disgorgement of financial benefits received.

Read the entire FINRA Case here.

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Financial Industry Regulatory Authority, Inc. (FINRA) is an independent, non-governmental regulator who oversees the people and firms that sell stocks, bonds, mutual funds and other securities to the public in the United States.  They are authorized by Congress to protect investors. They do this by making sure the securities industry operates fairly and honestly with the public.

If you have invested with Michael Anton Crowe and believe you or your investment interests have been harmed, call Arizona Securities and Investment Fraud attorney Anthony Bingham at 480.832.1922. You may have a limited window to file your complaint, so we encourage you to contact Bingham Law today.