Haselkorn & Thibaut Opens Investigation: Michael John Halkitis, Hicksville NY – The Rockwell Financial Group, Inc.
Table of Contents
If you are an investor who worked with Michael John Halkitis at The Rockwell Financial Group, Inc. in Hicksville, NY, understanding the advisor’s regulatory background and recent developments is essential to protecting your investments. Haselkorn & Thibaut, a leading national investment fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients, has launched an investigation into Michael John Halkitis’s activities. Learn more below about his background, relevant regulatory history, and what options may exist if you have concerns about how your account was handled. If you believe you may have been affected, you are encouraged to contact Haselkorn & Thibaut today at 1-888-994-8066 for a free, confidential consultation.
Who Is Michael John Halkitis?
| Name | Michael John Halkitis |
| CRD Number | 2246940 |
| Current Employer | The Rockwell Financial Group, Inc., 240 W. Old Country Rd., Suite 3, Hicksville, NY 11801 |
| Registered Since | February 2002 |
| Licensing | FINRA Registered; Series 24, 27, 4, 51; Series 7; SIE; Series 63; Series 99TO |
In addition to his primary role at The Rockwell Financial Group, Inc., Mr. Halkitis has reported other business affiliations, including involvement in M.D. Holdings, serving as an independent property and casualty insurance broker, and holding an officer role at One Nation Apparel LLC.
Regulatory History and Disclosures
Before choosing or continuing to work with a financial advisor, it’s crucial to have a transparent overview of their regulatory and disciplinary history. An examination of publicly available records, including FINRA BrokerCheck and SEC resources, provides a comprehensive look at Mr. Halkitis’s track record.
Regulatory Actions Involving Michael John Halkitis
- FINRA Arbitration Award (2023):
- Case No. 22-00177: In January 2022, a customer filed a complaint against The Rockwell Financial Group, Inc. and Michael Halkitis, alleging breach of fiduciary duty, violations of FINRA/NYSE rules, breach of contract, negligence, failure to supervise, and violations of Florida securities law.
- Outcome: On June 1, 2023, Mr. Halkitis and his firm were held jointly and severally liable for $63,693.
- NASD Regulatory Action (2001):
- Mr. Halkitis was fined $2,500 and suspended for five business days for failure to disclose outside business activity on his Form U4 while at AC Financial, Inc.
- State of New Hampshire Action (2000):
- Imposed a $2,500 administrative fine and ordered rescission of $5,500 plus interest for the sale of unregistered Rockwell Capital units and a misleading ownership filing. Required withdrawal of his agent application in New Hampshire.
Prior Employment and Affiliations
- Prior Firms Include:
- AC Financial, Inc.
- May, Davis Group Inc.
- I. A. Rabinowitz & Co.
- Buttonwood Securities, Inc.
- Rickel & Associates, Inc.
- Norfolk Securities Corp.
- Greenway Capital Corp.
- Meyers Pollock Robbins, Inc.
- A.S. Goldmen & Co., Inc.
Summary of Client Complaints and Allegations
While some public records indicated no ongoing regulatory actions or customer complaints as of June 2024, prior actions and case records highlight issues that investors should carefully consider:
- Breach of Fiduciary Duty
- Best-Interest Failures
- Negligence
- Breach of Contract
- Failure to Supervise
- Form U4 Misstatement / Outside Business Activity Disclosure Violations
- Sale of Unregistered Securities / Misleading State Filing
It is notable that awards and regulatory sanctions resulted from allegations involving the above issues, even if no other recent complaints appear in BrokerCheck or the SEC’s public record as of this writing.
Are There Red Flags for Investors?
Investors should be aware of specific events in an advisor’s background that could raise concerns about the handling of investments. Key red flags in this case include:
- Regulatory sanctions by both FINRA (formerly NASD) and state authorities.
- Past arbitration award holding the advisor liable for client damages due to alleged misconduct.
- Discharge by a prior employer related to unreported outside business activities.
- Sale of unregistered securities, resulting in rescission orders and fines.
While many advisors maintain clean records, a history of regulatory events is an important factor for investors to consider when assessing the overall trustworthiness and professionalism of a broker or financial advisor.
What Should You Do If You Have Concerns?
If you believe that you have suffered losses or your investments weren’t managed according to your best interests while working with Michael John Halkitis or The Rockwell Financial Group, Inc., it is important to know your rights. Haselkorn & Thibaut can help you review your account and determine if there is a case to recover your losses through FINRA arbitration or another method.
- Complimentary case review with one of the nation’s leading investment fraud lawyers
- No recovery, no fee – you pay nothing unless your case is successful
- National representation for investors in all 50 states
With more than 50 years of experience and a 98% success rate, Haselkorn & Thibaut is ready to assist you. The process is confidential, risk-free, and straightforward. Even if you’re unsure whether your losses are the result of advisor conduct, a professional review can provide peace of mind and clarify your recovery options.
Contact Haselkorn & Thibaut Today
Every investor deserves transparency, accountability, and fair treatment. If you want to better understand your rights or seek guidance about your experience with Michael John Halkitis or The Rockwell Financial Group, Inc., call Haselkorn & Thibaut at 1-888-994-8066 for a free consultation. There is no cost to speak with an experienced investment fraud lawyer. Don’t wait—get the answers and support you deserve today.
