AdvisorCheck - Find and Connect with Top Financial Advisors on Your Terms
Advisor Search
Why AdvisorCheck

We're Here To Help

AdvisorCheck empowers you to find, evaluate, and monitor financial advisors with confidence and clarity.

Advisor Monitoring

Financial advisor's situations can change, sometimes without notice. AdvisorCheck's Monitoring tool helps you avoid surprises and stay on top of your financial health.

Firm Stability Insights

The stability of your financial advisor's firm has a significant impact in the security and quality of service you receive. Our tool provides historical data and key insights over time to help you make informed, confident decisions.

Pricing
For Advisors
MF

Michael B. Falken

Some features on this profile are disabled
CRD#: 862958
MF

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Michael Barry Falken was a registered financial advisor .

Michael is a previously registered financial advisor and started their career in finance in 1979. Michael had worked at 16 firms and has passed the Series 66, Series 63, SIE, Series 87, Series 7, Series 53, Series 27, Series 4, Series 24 and Series 54FN exams.

Question & Answer

Are you a "fiduciary"?
No

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Past

March 23, 2016 - March 2, 2020

SHEARSON FINANCIAL SERVICES, LLC

BD
CRD#: 38619
BOCA RATON, FL
Past

October 7, 2013 - April 29, 2014

HUNTER SCOTT FINANCIAL LLC.

BD
CRD#: 45559
DELRAY BH, FL
Past

February 8, 2013 - September 20, 2013

MEDITERRANEAN SECURITIES GROUP, LLC

BD
CRD#: 153755
COCONUT CREEK, FL
Past

April 18, 2011 - March 29, 2016

PHX FINANCIAL, INC.

BD
CRD#: 144403
FORT LAUDERDALE, FL
Past

January 28, 2010 - December 20, 2011

HUNTER SCOTT FINANCIAL LLC.

BD
CRD#: 45559
DELRAY BH, FL
Past

March 6, 2008 - June 23, 2009

NFSG CORPORATION

RIA
CRD#: 130814
FT. LAUDERDALE, FL
Past

March 3, 2008 - June 23, 2009

NEWBRIDGE SECURITIES CORPORATION

BD
CRD#: 104065
FT. LAUDERDALE, FL
Past

May 23, 2007 - February 15, 2008

CAPITAL GROWTH FINANCIAL, LLC

RIA
CRD#: 41040
BOCA RATON, FL
Past

January 20, 2003 - February 15, 2008

CAPITAL GROWTH FINANCIAL, LLC

BD
CRD#: 41040
BOCA RATON, FL
Past

August 16, 2000 - February 1, 2003

IBOLSA, INC.

BD
CRD#: 103875
BOCA RATON, FL
Past

July 10, 2000 - September 5, 2000

INVESTIN SECURITIES CORP.

BD
CRD#: 39295
DALLAS, TX
Past

December 10, 1998 - June 26, 2000

TRADERIGHT SECURITIES, INC.

BD
CRD#: 45598
LOCKPORT, IL
Past

May 7, 1997 - December 31, 1998

CENTENNIAL CAPITAL MANAGEMENT, INC.

BD
CRD#: 38988
ATLANTA, GA
Past

April 13, 1993 - May 9, 1997

WORLD INVEST CORPORATION

BD
CRD#: 17223
DEERFIELD BEACH, FL
Past

June 30, 1992 - February 12, 1993

CONSTELLATION CONVERTIBLES L.P.

BD
CRD#: 29328
NEW YORK, NY
Past

June 24, 1991 - November 5, 1991

NEW WINDSOR ASSOCIATES, L.P.

BD
CRD#: 22977
NEW YORK, NY
Past

November 23, 1990 - March 27, 1991

HARMONY TRADING COMPANY L.P.

BD
CRD#: 23956
NEW YORK, NY
Past

January 4, 1979 - October 16, 1990

MARCUS SCHLOSS & CO., INC.

BD
CRD#: 6032
NEW YORK, NY

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam
RR
IAR
Series 66
Date: 5/21/2007
Uniform Combined State Law Examination
State Security Law Exam
RR
Series 63
Date: 8/15/1994
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 10/1/2018
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 87
Date: 8/1/2005
Research Analyst Exam - Part II Regulations Module
General Industry/Product Exam
RR
Series 7
Date: 12/15/1984
General Securities Representative Examination
Principal/Supervisory Exam
RR
Series 53
Date: 6/25/2007
Municipal Securities Principal Examination
Principal/Supervisory Exam
RR
Series 27
Date: 3/20/1985
Financial and Operations Principal Examination
Principal/Supervisory Exam
RR
Series 4
Date: 3/6/1985
Registered Options Principal Examination
Principal/Supervisory Exam
RR
Series 24
Date: 2/1/1985
General Securities Principal Examination
Principal/Supervisory Exam
RR
Series 54FN
Date: 12/18/1978
Municipal Securities Financial and Operations Principal Examination

Current Firm

SF
SHEARSON FINANCIAL SERVICES, LLC
DBA - LF FINANCIAL | STRATEGIC ASSET MANAGEMENT INC. | SHEARSON FINANCIAL SERVICES, LLC | LF ROTHSCHILD, LLC | LF ROTHSCHILD LLC | LF FINANCIAL, LLC | KAPLAN & COMPANY SECURITIES INC. | KAPLAN & CO. SECURITIES INC.

CRD#: 38619 / SEC#: 801-61866, 8-48313

RIA
Registered Investment Advisory firm - SEC (8/19/2004 Terminated)
Florida
Registered Investment Advisory firm - SEC (6/20/2016 Approved)
Texas
Registered Investment Advisory firm - SEC (5/4/2017 Approved)
BD
Broker-Dealer Firm Regulated by FINRA (Florida district office)
Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.

Contact information

Main Address
7000 W. Palmetto Park Road Suite 501, Boca Raton, FL 33433
Mailing Address
7000 W. Palmetto Park Road Suite 501, Boca Raton, FL 33433
Phone number
(561) 613-4727
Established
Florida since 01/01/2007
Firm type
Limited Liability Company
Fiscal year end
December
Firm Size
Small
# of Employees
22

FINRA licenses (45 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

Documents

Customer Relationship Summary (CRS / FINRA)Latest Form ADV

Direct owners and executive officers

NamePositionCRD#
KAPLAN, JED PHILIPCEO/FINOP/CCO1622929
GROSSMAN, STEVEN MICHAELPRESIDENT, AML OFFICER4430498
0

Disclosures

Regulatory Event8

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information

SHEARSON FINANCIAL SERVICES, LLC

CRD#: 38619

TRUST BUT VERIFY

Monitor Michael Falken

Get automatic monthly alerts on:
Job or Firm Moves
Licensing Changes
Client Complaints
New Red Flags
Contact Information Updates

Similar Advisors

Stephen Albert Zahka
Stephen ZahkaAdvisorCheck Check Mark
EDWARD JONES
IAR
RR
Marlborough, MA
Frank Horace Moore III
Frank MooreAdvisorCheck Check Mark
UBS FINANCIAL SERVICES INC.
IAR
RR
Greenwich, CT
Marshall Lee Rosen
Marshall RosenAdvisorCheck Check Mark
OSAIC WEALTH, INC.
IAR
RR
Fort Lauderdale, FL
footer-logo
How We Help
Advisor Search
Find Advisors by State
Blog
Glossary
For Advisors
About Us
Help Center
Terms Of UsePrivacy PolicySubscription Policy
Help Center
AdvisorCheck does not offer investment advice and should not replace discussions with professional accounting, tax, legal or financial advisors.© 2026 AdvisorCheck, an AIMR Analytics company. All rights reserved.