Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has launched a formal investigation into recent allegations against Chicago, Illinois financial advisors Steven Arnold (CRD# 710263) and Michael Steinthal (CRD# 435071), both currently registered with Quincy Wells Capital. We are examining investor complaints and reviewing whether these brokers met their obligations under industry standards, including the SEC’s Regulation Best Interest and any applicable fiduciary duties required by law. Our attorneys encourage all affected investors to contact us for a free, confidential review of their potential claims.
Why Our Firm Is Investigating Quincy Wells Capital Advisors Steven Arnold & Michael Steinthal
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Our firm’s team of attorneys brings over 95 years of combined securities law experience and a strong record of representing investors in securities matters. As former Wall Street defense lawyers, we now pursue recovery for investors who have suffered losses due to broker misconduct or investment fraud. We use our industry knowledge of brokerage practices to identify red flags and advocate for clients seeking compensation. Haselkorn & Thibaut’s credentials include:
- Super Lawyers designation
- AV Preeminent Martindale-Hubbell Peer Review rating
- Extensive experience handling securities matters
- Strong client reviews
- No recovery, no fee commitment
Advisor Backgrounds: Steven Arnold & Michael Steinthal of Quincy Wells Capital
Below is an overview of the advisors’ regulatory and registration history based on publicly available information, including FINRA BrokerCheck:
| Advisor Name | CRD Number | Current Firm | Location | Registration History | Licenses |
|---|---|---|---|---|---|
| Steven Arnold | 710263 | Quincy Wells Capital | Chicago, IL | Please verify through BrokerCheck | Please verify through BrokerCheck |
| Michael Steinthal | 435071 | Quincy Wells Capital | Chicago, IL | Please verify through BrokerCheck | Please verify through BrokerCheck |
Red Flags and Complaints: What Investors Need to Know
Steven Arnold and Michael Steinthal are associated with Quincy Wells Capital, and publicly reported disclosures should be reviewed carefully by investors. Allegations in customer disputes are not proof of wrongdoing, but they may raise important questions about whether recommendations were suitable, whether adequate due diligence was performed, and whether all required disclosures were made.
| Advisor | Nature of Allegations | Status | Claimed Damages | Alleged Activity Dates |
|---|---|---|---|---|
| Steven Arnold | Breach of contract, alleged securities law violations, and alleged failure to comply with Regulation Best Interest | Pending | Approximately $100,000 | Please verify through BrokerCheck or case records |
| Michael Steinthal | Alleged unsuitable recommendation involving a Delaware Statutory Trust in a 1031 exchange, inadequate due diligence, and breach of fiduciary duty | Pending | Approximately $100,000 to $500,000 | Please verify through BrokerCheck or case records |
These allegations involve claimed investor losses and, if proven, could reflect violations of industry rules or legal duties. Our firm is particularly focused on whether there were failures relating to suitability, due diligence, disclosure, and compliance with Regulation Best Interest.
Regulatory Standards: What Quincy Wells Capital Advisors Must Uphold
Brokers and investment professionals may be required under federal securities laws and industry rules, including the SEC’s Regulation Best Interest, to:
- Act in the retail customer’s best interest when making recommendations
- Disclose material facts and potential conflicts of interest fully and fairly
- Conduct reasonable diligence before recommending investments
- Recommend investments that are suitable in light of the client’s objectives, financial situation, and risk tolerance
When these duties are breached, investors may have legal options, including filing a FINRA arbitration claim or pursuing other remedies where appropriate. Our attorneys have extensive experience representing investors in these matters.
What To Do If You Suffered Losses With Steven Arnold or Michael Steinthal
If you invested with Steven Arnold or Michael Steinthal of Quincy Wells Capital in Chicago, Illinois, and experienced losses related to unsuitable recommendations, inadequate disclosures, or other suspected misconduct, you may have options. Our firm is reviewing these allegations and can help you understand your rights and potential avenues for recovery.
- Preserve account statements, correspondence, and notes concerning investment recommendations
- Speak with counsel promptly because documents, timelines, and filing deadlines can be important
With our no recovery, no fee policy, there is no charge to discuss your matter with our team.
Take Action: Speak With Our Attorneys About Your Options
Every investor’s situation is different. We invite you to receive a clear assessment of your potential case in a private consultation. We can review your losses, evaluate possible claims, and answer your questions at no cost.
Call 1-888-885-7162 for a free and confidential consultation. If you believe your investment losses may be connected to advisor misconduct, contact our team to discuss your legal options.
