Michael Macdonald (CRD#2329652) and PFS INVESTMENTS INC.

If your broker hurt your retirement, you may be able to recover

If a customer makes a complaint regarding a broker, it must be reported to the appropriate regulatory bodies, ensuring that a record of the dispute is available to the public.

If you were a client of this investment advisor, the securities lawyers at Halling & Cayo, S.C. would like to hear from you. We are analyzing potential claims related to the suitability of investments recommended by this broker.

Claim(s) Made Against Michael Macdonald:

Claim Date: 6/23/2026

“The customer alleges the RR‘s recommendation to transfer Trust assets from one mutual fund family to another mutual fund family cause the customer to incur substantial and avoidable capital gains taxes in 2025.”

This claim, as of this posting, is currently Pending with a claim amount of $300,000.00 .

See more information on FINRA’s BrokerCheck site for Michael Macdonald.

Were you a customer of Michael Macdonald?

If you are a current or former client of Michael Macdonald and PFS INVESTMENTS INC. from ALBANY, NY, and have encountered any issues or problems with your account or investments, the Securities Lawyers at Halling & Cayo, S.C. want to speak with you about the possibility of pursuing a claim. Brokerage firms have a duty to oversee all of their registered representatives, including Michael Macdonald, and ensure that they follow all securities regulations, rules, and internal policies. If a brokerage firm fails in this duty, it may be held accountable for investment losses sustained by customers due to a lack of supervision. (More information in our video, When can you bring a claim against your financial advisor.)

Millions of dollars are lost each year by investors due to breaches of duty by their brokers or the firms they work for, we help investors recover that money. If you were a customer of Michael Macdonald and PFS INVESTMENTS INC. and experienced investment losses, please contact the Securities Lawyers. (See more detail in our video, What are the most common securities cases?.) We only receive payment if we are able to recover your money, and you may be eligible for financial compensation. It is important to note that there may be time limits or statutes of limitations that apply to your claim, so it is crucial to speak with an attorney as soon as possible.
Learn about potential claims for investment recovery, Types of Broker Misconduct and Fraud , or about the FINRA arbitration process, Guide to the FINRA Arbitration Process .

Contact The Securities Lawyers

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Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.

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