Meyer Wilson's securities arbitration attorneys are currently investigating
former broker Michael Willard Korson over claims that he participated in
selling away and that his employing firms failed to adequately supervise him.
Michael Willard Korson (CRD# 2108802) was recently barred from the securities
industry by FINRA over claims of misconduct that arose during his time
at PFS Investments and HBW Securities.
Letter of Acceptance, Waiver, & Consent, Korson accepted the following findings by FINRA:
- From February 2011 through August 2012, failed to disclose to his employer,
PFS Investments, that he was involved in an outside business called "My
- Between September 2011 and May 2014 (overlapping between his time at PFS
and HBW) Korson was involved in private investment transactions involving
My Coupon Genie without telling either firm.
- Korson was accused of charging personal expenses to his My Coupon Genie
company credit card in a misuse of investor funds.
- Finally, without getting the consent of his member firm, Korson was accused
of opening and trading in an outside investment account.
My Coupon Genie was founded by Korson, and during the time of his alleged
misconduct, he was acting as the CEO and majority owner of the business.
The Letter of Acceptance Waiver & Consent states that two PFS customers
invested $200,000 with Korson and that another customer may have invested
If you invested with PFS Investments or HBW Securities and Korson was your
broker, you may have a claim. Meyer Wilson is currently investigating
so contact one of our investment fraud lawyers for a
free evaluation of your case.