Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Paychex Securities Corporation broker Michael Wind (CRD# 6622139). He has been registered with John Hancock Distributors LLC in Boston, Massachusetts, since 2022. He was registered with Paychex Securities Corporation in Rochester, New York, from 2016 to 2022.
Michael Wind Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
February 2023. “On February 28, 2023, [REDACTED] (“Claimant”) filed a Statement of Claim in arbitration with the Financial Industry Regulatory Authority (“FINRA”) (the “Statement of Claim”) against Paychex Securities Corporation (“PSC”), FINRA Case No. 23-00508. In his Statement of Claim, Claimant alleges that Michael Wind, then a registered representative with PSC, did not follow his instructions regarding how to invest his individual 401(k) plan assets when the plan sponsor transferred certain plan assets to Paychex on or about October 1, 2021.” The customer sought $400,000 in damages, and the case was settled for $200,000. The complaint was regarding money market funds and mutual fund losses. The complaint took place while he was registered with Paychex Securities Corporation.
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, Paychex Securities Corporation may be liable for investment or other losses suffered by Michael Wind’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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