Haselkorn & Thibaut, a respected national investment fraud law firm, has opened a focused investigation into stockbroker and investment advisor Mikhail Veselov, currently with Valmark Securities, Inc. in Newton, Massachusetts. If you are an investor who has worked with Mr. Veselov, this detailed research report will walk you through important background information, recent financial disclosures, red flags, and what you can do if you have concerns about your investments.
Who is Mikhail Veselov?
Table of Contents
- Name: Mikhail Veselov
- Location: Newton, MA
- Broker-Dealer: Valmark Securities, Inc.
- Investment Advisor: Valmark Advisers, Inc.
- CRD Number: 7454275 (See BrokerCheck)
In addition to his investment advisory role, Mr. Veselov has held other business positions, including at Capital Formation Group (investment-related), and even several non-investment roles (professional musician, faculty positions at music colleges, and independent contractor with delivery services). This diverse professional background is noteworthy, especially when evaluating persistent industry engagement and financial diligence.
Summary of Regulatory and Complaint History
| Type | Findings |
|---|---|
| Customer Complaints | None disclosed on public record as of the most recent update. |
| Regulatory Actions | No actions from FINRA, SEC, or State regulators. |
| Civil/Criminal Proceedings | No federal or state lawsuits or criminal matters found. |
| Financial Disclosures | Multiple personal financial compromises between April 2024 and February 2025 (details below). |
Recent Financial Compromise Disclosures
Between April 2024 and February 2025, Mr. Veselov disclosed ten separate “financial compromise” events. These involve personal debts resolved through settlements with creditors, rather than customer investment disputes. While these are personal matters, investors should consider how such events might reflect on their advisor’s overall financial responsibility.
- January 2025: Settlement of $6,600 debt to Blue Ridge Bank for $2,971 (structured payment plan).
- February 2025: Multiple settlements, including:
- Merrick Bank: ~$3,300
- Credit First N.A.: ~$1,600
- LendingPoint, CitiCards CBNA, Best Buy/CBNA: amounts up to $3,300
- April – May 2024: Compromises with Citi Bank and Discover, combined original balances exceeding $18,000, settled at reduced rates.
Important Note: These financial disclosures were not customer complaints or regulatory actions. They indicate personal financial strain managed through negotiated payment settlements. No evidence has emerged of investor harm, customer disputes, or fraud based on current public records.
Red Flags for Investors
- Multiple Financial Compromises: An advisor dealing with personal financial distress may face additional pressures that could potentially impact their professional performance or create conflicts of interest.
- Numerous Non-Investment Roles: While diverse backgrounds can be positive, excessive outside engagements (delivery driver, performer, several adjunct academic posts) may impact full-time commitment or focus in managing investments.
- Keep Reviewing Official Records: Investors should independently consult FINRA BrokerCheck for updates and possible new disclosures. Records may change and require ongoing attention.
How to Protect Yourself As an Investor
Haselkorn & Thibaut recommends that all investors:
- Request regular account reviews and clear communications from your advisor.
- Monitor your investment accounts closely for unexpected transactions or risk changes.
- Periodically review your advisor’s regulatory disclosures and financial background.
- Ask questions. If responses are not direct and clear, or if you feel uncertain about your investments, seek an independent second opinion.
If you believe you have suffered investment losses or suspect your account has not been managed properly, now is the time to seek qualified legal advice.
What if You Lost Money or Have Concerns About Mikhail Veselov?
Even though there are no formal customer complaints or official regulatory actions against Mikhail Veselov as of now, the multiple personal financial stress events disclosed may be cause for extra vigilance. Contacting professionals with experience in investor rights is a prudent step if you feel uneasy or have lost money under his advisement.
Haselkorn & Thibaut (investmentfraudlawyers.com) has over 50 years of experience representing investors nationwide, a 98% success rate, and a track record of millions recovered for clients. There is no fee unless you recover your losses.
Your Next Step: Free Consultation
If you want answers about your investments with Mikhail Veselov of Valmark Securities, take advantage of a free, confidential consultation with Haselkorn & Thibaut. You do not have to face uncertainty alone—even if you just want a second opinion.
Call now: 1-888-885-7162
Let experienced investment fraud lawyers analyze your case, answer your questions, and explain your potential recovery options. There is no fee unless you win—clarity and peace of mind are just a phone call away.
