Were you the victim of First Trust Portfolios L.P. broker Michael Coyne (CRD# 4674176) who is accused of equity linked note losses? He has been registered with First Trust Portfolios L.P. in Wheaton, Illinois, since 2015.
Michael Coyne Customer Complaints
He has been the subject of 12 customer complaints in 2024, according to his CRD report:
September 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $125,000 in damages, and the case is currently pending.
June 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $500,000 in damages, and the case is currently pending.
June 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $500,000 in damages, and the case is currently pending.
June 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $125,000 in damages, and the case is currently pending.
June 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $3,700,000 in damages, and the case is currently pending.
June 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $250,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants accounts.” The customer is seeking $1,000,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it relates to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts. The customer is seeking $100,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it related to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants accounts.” The customer is seeking $500,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it related to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants accounts.” The customer is seeking $70,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it related to First Trust and Mr. Coyne, the claimants allege First rust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants’ accounts.” The customer is seeking $290,000 in damages, and the case is currently pending.
May 2024. “Mr. Coyne is named as a co-respondent in an arbitration filed by customers of an advisor. As it related to First Trust and Mr. Coyne, the claimants allege First Trust Portfolios and Mr. Coyne worked closely with the advisor in creating the equity-linked notes that the advisor purchased for the claimants accounts.” The customer is seeking $300,000 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, First Trust Portfolios L.P. may be liable for investment or other losses suffered by Michael Coyne’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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