Haselkorn & Thibaut has opened an investigation into Mike Jarvis (CRD# 2160274), a financial advisor registered with Cetera Wealth Services in McKinney, Texas. If you have invested with Jarvis or have concerns about advisory fees or prior conduct, this research report will provide a helpful, comprehensive overview. We encourage investors to reach out for a free, confidential consultation at 1-888-994-8066.
Who Is Mike Jarvis of Cetera Wealth Services, McKinney, Texas?
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Mike Jarvis is a veteran financial advisor with more than 34 years in the securities industry. He is currently registered as a broker with Cetera Wealth Services and as an investment adviser with Cetera Investment Advisers, operating under the name Legacy Financial Advisors in McKinney, TX. Jarvis has previously been registered with multiple firms, including Cetera Advisor Networks, Girard Securities, and AXA Advisors.
| Name | CRD Number | Current Broker-Dealer | City/State |
|---|---|---|---|
| Mike Jarvis | 2160274 | Cetera Wealth Services | McKinney, TX |
Professional Credentials
- Securities Licensed for 34+ Years
- Held registrations with multiple investment firms
- Completed Series 7, Series 6, SIE, Series 63, and Series 65 exams
- Licensed in 32 states
Complaints and Red Flags: Full History
When evaluating an advisor, it is critical to examine any complaints, regulatory matters, or prior customer disputes. Below is a detailed, chronological summary focused on complaints and notable disclosures tied to Mike Jarvis:
| Date | Allegations | Status/Outcome | Firm/Role | Reported Damages |
|---|---|---|---|---|
| October 2025 | Alleged excessive advisory fees charged to investor | Pending | Cetera Wealth Services (Broker) | $800,000 |
| 2002 | Alleged unauthorized mutual fund trades | Settled | AXA Advisors (Broker) | $132,860 (Settlement) |
What do these complaints mean? The most recent complaint, filed in October 2025, accuses Jarvis of charging excessive advisory fees while at Cetera Wealth Services and claims substantial damages ($800,000). This complaint is pending as of the latest reports.
An earlier complaint from 2002 alleged unauthorized trading activities with AXA Advisors. Unauthorized trading typically violates FINRA Rule 3260 (regarding discretionary trading authority) and FINRA Rule 2010 (requiring high standards of commercial honor). This dispute was resolved with a settlement of $132,860.
Current Standing with Regulators
According to a search of FINRA BrokerCheck and public regulatory databases as of June 2024:
- No regulatory or disciplinary actions reported against Mike Jarvis.
- No SEC investigations or public enforcement orders listed.
- No federal or state court records indicate Johnson has been sued in a securities-related capacity.
- No bankruptcy filings or financial disclosures noted.
- No arbitrations filed within the FINRA Office of Dispute Resolution.
How to Interpret the Complaints and Disclosures
While **regulatory records show no formal actions or adjudicated claims** against Jarvis as of mid-2024, the presence of two customer complaints — especially the recent, high-dollar claim for “excessive advisory fees” — is a clear signal that investors should be extremely diligent in reviewing their statements and fee arrangements.
Key Red Flags:
- Pending customer complaint alleging excessive fees of $800,000.
- Previous settlement related to unauthorized transactions.
- Complex product knowledge and multi-state licensure, raising suitability questions for certain investors.
Why Investors Should Act
If you are currently working with Mike Jarvis of Cetera Wealth Services or have engaged him as your investment advisor through Legacy Financial Advisors, you may want to take the following steps:
- Review all account statements for unexplained fees and charges.
- Ask for a written summary showing all commissions, advisory, and management fees paid last year.
- Request written documentation outlining any discretionary authority granted to the advisor.
- If you have questions about your account activity or suspect unauthorized transactions, seek an independent review right away.
Next Steps — Free, Confidential Consultation
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national securities fraud law firm with over 50 years of experience. Our team has achieved a 98% success rate and recovered millions for investors across the country. There are no upfront fees, and it’s strictly a “no recovery, no fee” arrangement.
If you believe you have suffered losses or are concerned about your investments with Mike Jarvis of **Cetera Wealth Services**, take action now:
- Call 1-888-994-8066 for a free, confidential consultation.
- Speak to a dedicated securities attorney with proven results.
- There is no fee unless you recover — protecting your interests is our primary objective.
Your Rights and Recovery
Investors have clear rights and protections. If you have concerns relating to excessive fees or unauthorized trading, timely action is essential. Our investigation into Mike Jarvis and his activities at Cetera Wealth Services is ongoing, and we invite concerned investors to participate in a confidential case review.
To learn more or start your free case assessment, contact Haselkorn & Thibaut today at **1-888-994-8066**. Don’t wait until concerns become serious losses — engage our experience to help safeguard your financial future.
