McKinney, Texas – December 6, 2025 – Michael William Jarvis (CRD# 2160274), a financial advisor registered with Cetera Wealth Services, LLC in McKinney, Texas, has two customer disputes on his FINRA BrokerCheck record. The complaints involve allegations of unauthorized mutual fund transactions and excessive advisory fees. This article provides investors with details from publicly available FINRA records and information about potential recovery options.
BrokerCheck Snapshot
Name: Michael William Jarvis
CRD #: 2160274
Firm: Cetera Wealth Services, LLC
Location: McKinney, Texas
Years in Industry: 34
Number of Disclosures: 2
Customer Complaints Against Michael William Jarvis
Complaint #1: Settled – Unauthorized Mutual Fund Transactions
On June 20, 2002, a customer filed a complaint alleging unauthorized mutual fund transactions while Jarvis was employed at AXA Advisors, LLC. The firm agreed to reverse the unauthorized transactions and return the account to the position it was in prior to the trades.
Product Type: Mutual Fund(s)
Alleged Damages: No loss reported
Status: Settled on June 24, 2002
Settlement Amount: $132,860.00 (value of reversed transactions)
Individual Broker Contribution: $0.00
Broker Statement: “The firm agreed to reverse the unauthorized transactions and return the account to the position it was in prior to the trades. There was no loss. The value of the reversed, unauthorized transactions was $132,860.00.”
Complaint #2: Pending – Excessive Advisory Fees
On October 17, 2025, a customer filed a FINRA arbitration complaint (Case #25-02222) alleging excessive advisory fees. The complaint was filed while Jarvis was employed at Cetera Wealth Services, LLC. The matter is currently pending in FINRA arbitration in Dallas, Texas.
Product Type: No Product
Alleged Damages: $800,000.00
Status: Pending
FINRA Case Number: 25-02222
Filing Date: October 10, 2025
Date Complaint Received: October 17, 2025
Arbitration Location: FINRA – Dallas, TX
Pattern of Complaints / Risk Factors
While each case is unique, complaints alleging unauthorized trading and excessive advisory fees may indicate concerns related to inadequate client authorization, failure to supervise, or fee structure transparency issues. The pending complaint involving alleged excessive fees of $800,000 raises questions about fee disclosures and appropriateness. Investors should carefully review account statements, advisory agreements, and fee schedules, and seek legal guidance if similar issues occurred.
Can Investors Recover Losses?
Investors who experienced unauthorized trades or who were charged excessive or undisclosed fees may be entitled to recover losses through securities arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident.
Related Brokers and Firms
Michael William Jarvis is currently registered with Cetera Wealth Services, LLC and Cetera Investment Advisers LLC. He was previously registered with Cetera Advisor Networks LLC, Girard Securities, Inc., AXA Advisors, LLC, and The Equitable Life Assurance Society of the United States. Investors who have concerns about other investment professionals at these firms or related matters may wish to review additional resources on our website, including information about investment fraud, unsuitable investments, and excessive fee disputes.
Frequently Asked Questions
Q1: What are the complaints against Michael William Jarvis?
Michael William Jarvis has two customer disputes on his record. The first, settled in June 2002 for $132,860, involved allegations of unauthorized mutual fund transactions while he was at AXA Advisors, LLC. The firm reversed the transactions and returned the account to its prior position. The second complaint, currently pending, alleges excessive advisory fees with alleged damages of $800,000 and is being arbitrated through FINRA in Dallas, Texas.
Q2: Can investors recover losses involving Cetera Wealth Services, LLC?
Yes, investors who have suffered losses due to broker misconduct may be entitled to recover damages through FINRA arbitration. Securities laws provide protections for investors, and many claims are resolved through the arbitration process. An experienced securities attorney can evaluate your specific situation.
Q3: What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum specifically designed for securities-related claims between investors and brokers or brokerage firms. It provides a more efficient and cost-effective alternative to traditional litigation, with most cases resolved within 12-16 months.
Q4: What does “unsuitable investment” mean?
An unsuitable investment occurs when a broker recommends securities that do not align with an investor’s financial situation, risk tolerance, investment objectives, or needs. Brokers have a duty to ensure recommendations are suitable for their clients based on the client’s individual circumstances.
Q5: How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org. Enter the broker’s name or CRD number in the search box. Review the broker’s employment history, qualifications, and any disclosed complaints, arbitrations, or regulatory actions. BrokerCheck is a free public resource maintained by FINRA.
Q6: What should I do if I suspect broker misconduct?
First, document all communications, account statements, and transaction confirmations. File a written complaint with your brokerage firm and keep copies of all correspondence. Contact a securities attorney to discuss your legal options. Consider filing a complaint with FINRA or your state securities regulator. Time limits apply to arbitration claims, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you have experienced losses with Michael William Jarvis or any other broker at Cetera Wealth Services, LLC, contact Patil Law, P.C. for a free, confidential consultation. Our experienced securities attorneys can review your account and advise you on your legal options. Call 800-950-6553 or email info@patillaw.com today. There is no obligation, and we work on a contingency fee basis.
Disclaimer:
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
