Michael Edwin Magruder: Investor Alert and Haselkorn & Thibaut Investigation

Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of combined experience and a 98% success rate, has opened an investigation into Michael Edwin Magruder and his conduct as a financial advisor. Our goal is to help investors stay informed, understand the potential red flags, and offer support to anyone who believes they may have suffered losses. If you have questions or concerns, reach out for a free, confidential consultation at 1-888-885-7162 —no recovery, no fee.

Who is Michael Edwin Magruder?

Michael Edwin Magruder (CRD#: 4579211) is a formerly registered broker and investment advisor, most recently associated with Raymond James & Associates, Inc., as well as past affiliations with Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Wells Fargo Advisors. His career spanned more than two decades, serving clients primarily in Florida.

Allegations, Complaints, and Regulatory Actions

Magruder’s record has several serious disclosures investors should know:

FINRA (Financial Industry Regulatory Authority) investigated Magruder due to multiple customer allegations that he requested and received sizable personal loans from clients—an activity strictly regulated and, without full disclosure and approval, not permitted.

Notably, some clients reported that Magruder not only asked for personal loans but also executed trades in customer accounts (like selling securities) specifically to fund these loans. Several disputes led to large settlements totaling hundreds of thousands of dollars. Some complaints and arbitration demands remain unresolved.

Key compliance failures highlighted by regulators:

• Failure to disclose customer loans as required by both brokerage firm policy and industry regulations.

• Failure to update crucial regulatory forms (Form U4).

• Failure to settle arbitration awards and provide required information to FINRA, resulting in a bar from association with any FINRA member firm.

What Does This Mean for Investors?

Investors who worked with Michael Magruder may have been exposed to:

• Inappropriate requests for personal loans from their advisor

• Unauthorized or unsuitable trades in their accounts

• Potential financial losses due to breaches of trust or regulatory obligations

Red Flags for Investors:

• A financial advisor requesting personal loans or funds from clients.

• Advisor not following clear instructions regarding trading or account management.

• Unusual or unexpected trading activity, especially linked to advisor requests.

• Lack of communication or unclear responses when requesting information or portfolio updates.

Investor Recourse, Rights, and Next Steps

Haselkorn & Thibaut’s investigation aims to support investors who experienced:

• Financial losses following Magruder’s advice or activities

• Confusion or concern about trades made without clear permission

• Difficulty recovering money lent to, or invested with, this advisor

If any of these situations sound familiar or if you simply want objective guidance, it’s important to take action:

• Do not ignore suspicions. Trust your instincts if something doesn’t seem right about your advisor’s requests or account activity.

• Gather documentation. Collect statements, emails, and any records of transactions or loans.

• Consult a trusted attorney. Haselkorn & Thibaut’s team offers free, no-obligation consultations and operates on a “no recovery, no fee” basis.

Why Choose Haselkorn & Thibaut?

Experience Matters: With over $150 million recovered for clients and a 98% success rate, Haselkorn & Thibaut is the leader in helping investors recover losses from financial advisor misconduct. Our attorneys are former investment company insiders—we know the playbook.

Empathetic, Professional Guidance: We understand the impact that losing your hard-earned savings or experiencing betrayal by a trusted advisor can have. That’s why we are committed to acting swiftly, transparently, and with genuine care for your financial future.

• No up-front fees— ever

• Over 50 years combined experience

• Millions recovered for clients

Free Consultation & Next Steps

If you were a client of Michael Edwin Magruder at Raymond James, Merrill Lynch, or another firm, and have concerns about your investments, contact Haselkorn & Thibaut for a free, confidential consultation at 1-888-885-7162 .

You can also view Magruder’s official regulatory record via FINRA BrokerCheck for more details about his licensing and disclosures.

Take control of your financial future—don’t wait to ask for help.
The attorneys at Haselkorn & Thibaut are standing by to listen, investigate, and fight for any recovery you are entitled to. No recovery, no fee.

Frequently Asked Questions

Q: What are my options if I lost money with Michael Magruder?
A: You may be able to recover losses through FINRA arbitration or other legal means. Call Haselkorn & Thibaut to assess your case for free.

Q: Is it normal for advisors to ask for personal loans?
A: No. Advisors are generally not allowed to borrow money from clients without extensive disclosures and approvals. Such requests are a serious red flag.

Q: How can Haselkorn & Thibaut help me?
A: Our experienced attorneys provide no-risk, empathetic guidance and aggressive pursuit of your claims—at no up-front cost to you.

Protect your rights and investments—call Haselkorn & Thibaut, investment fraud lawyers, at 1-888-885-7162 today.