Investment Advisory Deception Allegations: Case Overview
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Guardian Wealth Advisors’ Mike Hensley is a seasoned financial advisor based in Raleigh, North Carolina, an industry veteran known for his expertise. But, the spark in his career has recently been dimmed by allegations related to incomplete disclosures about an investment he recommended. According to the Financial Industry Regulatory Authority (FINRA) records, Hensley—who previously served as a broker for Triad Advisors—now serves clients as an investment advisor for Guardian Wealth Advisors.
Hensley’s impressive professional record suffered a dent when his BrokerCheck report disclosed an investor complaint. This grievance, lodged in August 2023, accuses him of failing to present “fair and balanced information regarding the high-risk aspect of non-traded” real estate products. The investor seeks compensation for allegedly $100,000 in damage.
The Importance of Transparency in Investment Advisory
Investors who engage brokers should note that FINRA regulations strictly prohibit brokers from providing misleading or insufficient material facts about investments and strategies they suggest to their clients. All brokers are tasked with the responsibility to offer complete, accurate, and transparent investment advice.
Specifically, FINRA Rule 2020 mandates that “no broker should execute transaction in, or motivate the purchase or sale of, any stock by employing manipulative, deceptive or fraudulent methods or tricks.” Brokers are therefore held accountable for any misrepresented investments and may be adjudged liable for damages.
Decoding Mike Hensley: A Financial Advisor with Extensive Experience and Expertise
Mike Hensley, according to reports from FINRA and the Securities and Exchange Commission, boasts an impressive 23-year career in the securities industry. A resident of Raleigh, North Carolina, he has counseled investors with Guardian Wealth Advisors since May 2022. His career timeline presents several notable tenures at organizations such as Aptus Capital Advisors (2019-2022), Gordon Asset Management (2015-2019), and Triad Advisors (2009-2015), among others.
Hensley’s expertise covers a range of subjects given his completion of five securities industry qualifying examinations, including:
– The Series 24 (The General Securities Principal Examination)
– The Series 7 (The General Securities Representative Examination)
– The Securities Industry Essentials Examination (SIE)
– The Series 63 (The Uniform Securities Agent State Law Examination)
– The Series 65 (The Uniform Investment Adviser Law Examination)
His license currently valid in the state of North Carolina makes the information accurate as of September 17, 2023.
Investor Protection: Seeking Legal Redress and Protecting Your Investments
Haselkorn & Thibaut, the national investment fraud law firm, is committed to protecting investors across the United States from investment fraud and financial advisors’ misconduct. If you or anyone you know has been subjected to investment losses over disputed transactions, contact them at 1-800-856-3352 or fill out their online contact form to schedule a free and confidential consultation.
