Unsuitable Investment Recommendations by Royal Alliance Associates, Inc. Broker Michael Gustafson

Royal Alliance Associates

There are options for clients of former Royal Alliance Associates, Inc. broker Michael Gustafson (CRD# 2202450), who suffered losses due to unsuitable investment recommendations. He has been registered with Osaic Wealth, Inc. in Minneapolis, Minnesota, since 1997 and with Focus Financial in Minneapolis, Minnesota, since 2005.

Michael Gustafson Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

March 2023. “Claimant alleges unsuitable recommendations related to the sale of alternative investments.” The customer is seeking $120,000 in damages, and the case is currently pending. The complaint was regarding real estate securities, and it took place while he was registered with Royal Alliance Associates, Inc. 

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, Royal Alliance Associates, Inc. may be liable for investment or other losses suffered by Michael Gustafson’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.