Were you the victim of Independent Financial Group, LLC broker Michael Tannery (CRD# 1538345), who is accused of real estate investment trust (REIT) losses? He has been registered with Independent Financial Group, LLC in Richardson, Texas, since 2013.
In June 2006, the Texas State Board Of Public Accountancy sanctioned him to a cease and desist regarding allegations of “Use of CPA designation when license was not active.”
Michael Tannery Customer Complaints
He has been the subject of four customer complaints between 1997 and 2025, according to his CRD report. The most recent complaint was regarding:
January 2025. “The statement of claim does not contain any specific information on which investments were not suitable, just that the complexities of the investments were not fully explained and the risks were not disclosed in a fair and balanced manner (including their illiquidity, lack of transparency and the nature of a complex alternative investment such as a REIT).” The customer is seeking $150,000 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Michael Tannery’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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