Haselkorn & Thibaut has opened an investigation into Cincinnati financial advisor Michael Taylor following his resignation from Wells Fargo amid allegations involving a deceased client’s account. This development raises important questions for current and former clients about the security of their investments and the handling of their accounts.
Understanding Michael Taylor’s Background and Current Status
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Michael Taylor (CRD# 4319482) brings over two decades of experience in the financial services industry. Currently registered with LPL Financial through Mullins Taylor Wealth Management, Taylor serves as both a Senior Financial Advisor and Co-Owner of the Cincinnati-based firm.
His professional credentials include:
- Economics degree from Ohio State University
- 22 years of securities industry experience
- Three securities industry qualifying exams passed: Series 66, SIE, and Series 7
- 17 state licenses held
Throughout his career, Taylor has been registered with several prominent financial institutions, including his most recent position at Wells Fargo and a previous registration with UBS Financial Services.
The Wells Fargo Resignation: What Investors Need to Know
In July 2025, Taylor voluntarily resigned from Wells Fargo following allegations concerning the handling of a deceased client’s account. While the specific details remain limited in public records, this type of disclosure typically warrants careful attention from investors.
The timing of this resignation and immediate transition to LPL Financial raises several considerations for investors:
| Key Date | Event | Significance for Investors |
|---|---|---|
| July 2025 | Resignation from Wells Fargo | Voluntary departure amid allegations |
| July 2025 | Registration with LPL Financial | Immediate transition to new firm |
| August 2025 | Current status at Mullins Taylor | Active as broker and investment advisor |
Red Flags Investors Should Consider
When evaluating your relationship with any financial advisor, certain patterns deserve careful scrutiny. In this case, several factors merit consideration:
1. Nature of the Allegation: Issues involving deceased clients’ accounts can encompass various concerns, from administrative oversights to more serious matters involving estate management or beneficiary disputes.
2. Voluntary Resignation: While not necessarily indicative of wrongdoing, resignations connected to allegations often occur when advisors seek to avoid lengthy investigations or potential disciplinary actions.
3. Quick Transition: The immediate move from Wells Fargo to LPL Financial suggests pre-existing arrangements, which may indicate the advisor anticipated the need for a career change.
What This Means for Current and Former Clients
If you’ve worked with Michael Taylor at any point during his career, now is the time to review your accounts carefully. Consider these important steps:
- Review all account statements for any irregularities or unauthorized transactions
- Verify beneficiary designations are current and accurate
- Check for any recent changes to your investment strategy or account structure
- Document all communications with your advisor
- Request copies of all account agreements and recent transactions
Understanding Your Rights as an Investor
Investors have specific protections under securities laws and FINRA regulations. You have the right to:
- Receive accurate and complete information about your investments
- Have your accounts managed according to your stated objectives
- Be informed of any conflicts of interest
- Seek recovery for losses caused by misconduct
The securities industry maintains strict standards for advisor conduct, particularly regarding the handling of client accounts and estates. Any deviation from these standards may constitute a violation of investor protection rules.
The Importance of Taking Action
Time limits apply to securities claims, making prompt action essential. The statute of limitations for bringing claims varies depending on the type of violation and jurisdiction, but generally ranges from one to six years from discovery of the issue.
Even if you haven’t noticed any problems with your accounts, the presence of regulatory disclosures warrants a thorough review. Many investment issues only become apparent through careful analysis by experienced professionals who understand complex financial products and transactions.
How Haselkorn & Thibaut Can Help
With over 50 years of experience in securities law, Haselkorn & Thibaut maintains a 98% success rate in helping investors recover losses from financial misconduct. The firm has recovered millions of dollars for clients nationwide and operates on a no recovery, no fee basis, ensuring you pay nothing unless they successfully recover compensation for your losses.
The firm’s investigation into Michael Taylor’s activities focuses on protecting investor interests and determining whether any clients have suffered losses due to improper account handling or other violations.
Take Action Today
If you’ve invested with Michael Taylor at Wells Fargo, LPL Financial, or any of his previous firms, don’t wait to protect your interests. Even if you’re unsure whether you’ve been affected, a consultation with experienced securities attorneys can provide clarity and peace of mind.
Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. Their team of experienced securities attorneys can review your situation, explain your rights, and help determine the best path forward. With their proven track record and commitment to investor protection, you can trust that your interests will be professionally represented.
Remember, protecting your financial future requires vigilance and action when red flags appear. Don’t let concerns about your investments go unaddressed – the sooner you act, the better positioned you’ll be to protect and potentially recover your assets.
