There are options for clients of PFS Investments Inc. broker Michael MacDonald (CRD# 2329652), who suffered losses due to mutual fund investments. He has been registered with PFS Investments Inc. in Albany, New York, since 1993, and Primerica Advisors in Albany, New York, since 2021.
Michael MacDonald Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2026. “The customer alleges the RR’s recommendation to transfer Trust assets from one mutual fund family to another mutual fund family cause the customer to incur substantial and avoidable capital gains taxes in 2025.” 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, PFS Investments Inc. may be liable for investment or other losses suffered by Michael MacDonald’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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