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Michael Pietsch Allegedly Misled an Investor

Michael Pietsch (CRD #: 7735342), a broker registered with Pruco Securities, is the subject of an investor dispute. This is according to his Brokercheck record, accessed on May 1, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 20, 2024, an investor alleged that Michael Pietsch misled them regarding the dollar amount of premium payments. The investor further alleged that he made an unauthorized replacement. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized replacements may violate this rule. 

Background Information 

Michael Pietsch has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 6TO Investment Company Products / Variable Contracts Representative Examination 
  • SIE – Securities Industry Essentials Examination 

He is a registered broker in California and Montana. 

During his less than one year of experience, Michael Pietsch has registered with the following firms: Pruco Securities (CRD #: 5685) and Bankers Life Securities (CRD #: 173962).

Kurta Law Can Help 

If you have worked with Michael Pietsch and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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