Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an active investigation concerning Michael David Kolacz (CRD# 2566829), a financial advisor based in Rockwall, TX, currently registered with Independent Financial Group, LLC. As former Wall Street defense attorneys, we leverage insider knowledge to aggressively advocate for investors who have sustained losses. If you engaged with Mr. Kolacz as your stockbroker or financial advisor and are concerned about potential losses or misconduct, understanding the facts is crucial to protecting your financial future.
Our mission is to recover your funds and restore your confidence. With a 98% success rate, 95+ years of combined securities law experience, and involvement in over $520 million in securities matters, our attorneys are positioned in the Top 2% peer-reviewed and have been recognized as Super Lawyers with 5.0-star client reviews. We work solely on a “No recovery, no fee” basis, ensuring your interests come first at every stage.
Who Is Michael David Kolacz of Rockwall, TX?
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Michael David Kolacz, registered with Independent Financial Group, LLC, serves as a stockbroker and financial advisor. Throughout his career, he has worked with multiple brokerage firms including:
- International Assets Advisory, LLC (2016–2023)
- International Assets Investment Management, LLC (2016–2023)
- Cetera Advisors LLC (2013–2016)
- Woodbury Financial Services, Inc. (1996–2013)
- NEXT Financial Group, Inc. (2012)
He also has other business associations under Epstein & Kolacz Wealth Management, Epstein & Company CPAs, and College Funding Solutions Inc. These affiliations may present potential conflicts related to compliance and fiduciary responsibility, important factors for any investor to assess.
Current Red Flags: What Investors Need to Know
- Outstanding IRS Tax Liens: Kolacz has four disclosed IRS tax liens in Rockwall County, Texas, totaling over $469,000. Tax liens may indicate personal financial strain, which can be a relevant consideration when evaluating an advisor.
- Employment Separation After Allegations: In April 2016, Mr. Kolacz was “permitted to resign” from Cetera Advisors LLC after allegations of failing to follow firm policy related to a variable annuity transaction.
- Pending Customer Complaints and Disputes: An active March 2026 FINRA arbitration (Case No. 26-00560) alleges unsuitable investment recommendations involving a $40,000 investment in GWG Holdings L Bonds. The customer claims damages totaling $100,000 plus interest and costs, asserting the investment did not match their objectives.
Comprehensive List of Complaints and Allegations Involving Michael David Kolacz
| Date | Allegation | Status | Details/Damages |
|---|---|---|---|
| March 2026 | Unsuitable Recommendation of GWG Holdings L Bonds; Violation of FINRA Rule 2111 | Pending (FINRA arbitration Case No. 26-00560) | $100,000 in claimed damages plus interest and costs |
| March 2023 | Failure to fulfill fiduciary duty; unsuitable high-risk direct investment recommendations | Closed (Client withdrew complaint without settlement) | No damages awarded |
| April 2016 | Alleged failure to follow firm policies on variable annuity transactions | Employment separation (“permitted to resign”) | Non-monetary allegation |
| 2014-2015 | Four IRS tax liens filed in Rockwall County, TX | Outstanding | Total: $469,000+ |
FINRA Arbitration: Your Recovery Path
If you have experienced investment losses with Michael David Kolacz at Independent Financial Group, LLC, you may have the right to pursue recovery through the FINRA arbitration process. BrokerCheck is a resource for researching the advisor’s regulatory history and current disclosures. However, disclosures may not immediately reflect recent developments, making independent review and legal counsel important.
Our attorneys have handled claims involving GWG L Bonds and other unsuitable and high-risk investments. When financial professionals violate suitability obligations or fail to act in a client’s best interest, FINRA Rule 2111 may provide a basis to seek recovery.
How to Verify Complaints and Maintain Vigilance
If you wish to check the most current status of any actions or complaints against Mr. Kolacz, you can take the following steps:
- Visit FINRA BrokerCheck and enter “Michael David Kolacz” or CRD# 2566829.
- Review sections on complaints, disclosure, employment history, and regulatory actions.
- Check the SEC’s EDGAR database and state securities regulator websites for enforcement bulletins or litigation history.
- If you face substantial losses or need certainty, consider requesting a formal background report or engaging a securities litigation attorney to conduct a comprehensive search, including federal public records (PACER).
How We Help You Recover—Our Insider Advantage
As former defense counsel for Wall Street firms, we understand the strategies that broker-dealers and advisors may use in defending claims. This experience helps our attorneys advocate effectively for investors throughout the recovery process.
Other Investment Fraud Risks with GWG L Bonds: Our firm is currently handling multiple claims involving GWG Bonds, which have resulted in significant investor losses. The suitability, transparency, and liquidity of these investments remain central issues in ongoing investor claims and regulatory scrutiny.
Free Consultation and Next Steps
If you have experienced losses or suspect that Michael David Kolacz or any other advisor at Independent Financial Group, LLC may have recommended inappropriate investments, contact our attorneys today for a complimentary, confidential case review. We provide clients with clear options for recovery on a “no recovery, no fee” basis, meaning you do not pay unless there is a recovery.
Ready to Discuss Your Options? Call 1-888-885-7162 now to speak directly with an experienced investment fraud lawyer. Our attorneys can review your account and discuss whether you may have a viable claim for recovery.
Your path to recovery begins with a single call.
