Last Updated: February 2025 (Logan, UT)
National securities fraud attorneys at Patil Law P.C. are investigating current CreativeOne Securities, LLC broker John Reed Mickelson (CRD #2628700) regarding allegations of recommending speculative alternative investments and excessive commissions in oil and gas investments.
The investigation stems from a recently filed FINRA arbitration alleging serious misconduct in the handling of client investments while at Cambridge Investment Research, Inc.
Critical Insights About Logan Financial Advisor John Reed Mickelson
- Advisor Name: John R. Mickelson
- CRD: 2628700
- Location: Logan, UT
- Current Employer: CreativeOne Securities, LLC
- Classification: Registered Representative & Investment Adviser Representative
- Primary Location: 255 South Main, Suite 140, Logan, UT 84321
- Can John Mickelson be sued in FINRA arbitration: Yes
- Customer Disputes: One pending complaint
- Current Registrations: Licensed in 13 states
- Years of Experience: Since 1995
- Previous Employers: Crown Capital Securities, L.P. (2023-2024), Cambridge Investment Research (2012-2022)
- Professional Qualifications: Series 6, 7, 63 licenses, Chartered Financial Consultant
- Business Name: Mickelson Financial Services, LLC (DBA Wealth Advocates)
- Current Status: Active with CreativeOne Securities
Details Of Current Investigation
A FINRA arbitration filed in January 2025 alleges:
- Recommendation of speculative alternative investments
- Excessive commissions and fees in oil & gas investments
- Investment recommendations made for generating high commissions
- Damages seeking compensation, statutory damages, interest, attorney fees, expert fees, forum fees and punitive damages
Analysis Of Alleged Misconduct
The allegations raise serious concerns about:
- Investment suitability
- Fee practices
- Commission-driven recommendations
- Due diligence procedures
- Risk disclosure practices
- Client best interest obligations
- Fiduciary duty compliance
Regulatory Framework And Investor Protection SEC Regulation Best Interest
Reg BI requires:
- Investment recommendations in client’s best interest
- Full disclosure of all fees and costs
- Appropriate risk disclosure
- Reasonable due diligence
- Proper documentation
- Avoidance of conflicts of interest
FINRA Rules And Their Significance
FINRA Rule 2111 mandates:
- Suitable investment recommendations
- Understanding of investment risks
- Reasonable basis for recommendations
- Client-specific suitability analysis
- Documentation of suitability determinations
Professional Background
Mr. Mickelson’s career includes:
- Entry into securities industry in 1995
- Ten-year tenure at Cambridge Investment Research
- Multiple broker-dealer changes in recent years
- Investment adviser registration
- Multiple state licenses
- Alternative investment experience
Red Flags For Investors
- Pending arbitration allegations
- Speculative investment recommendations
- Commission-driven practices
- Oil & gas investments
- Recent broker-dealer changes
- Multiple business entities
- Alternative investment focus
- Fee practice concerns
Implications For Current And Former Clients
Current and former clients should:
- Review all investment recommendations
- Examine fee structures
- Verify risk disclosures
- Analyze portfolio concentration
- Check account statements
- Document communications
- Assess investment performance
- Review alternative investments
- Monitor account activity
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unsuitable investments or excessive fees in your account handled by Mr. Mickelson, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
