DID MICHAEL FASCIGLIONE CAUSE YOU INVESTMENT LOSSES?
Michael Fasciglione Of Aegis Capital Corp. And Formerly With National Securities Corporation Has 20 Customer Complaints For Alleged Broker Misconduct
Who is Michael Fasciglione of Aegis Capital Corp.?
Michael Fasciglione (CRD #1806486) who is currently registered as a broker with Aegis Capital Corp. and located in Garden City, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Aegis Capital Corp., Michael Fasciglione was associated with National Securities Corporation and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Fasciglione Customer Complaints
Michael Fasciglione has been the subject of 20 customer complaints that we know about to recover investment losses. Two of the customer complaints evolved into an arbitration proceeding resulted in an arbitration award in each case against his employer for his misconduct. Twelve of the customer complaints were settled by Michael Fasciglione’s employers in favor of the investors. There are currently 6 FINRA arbitration proceedings pending.
Allegations Against Michael Fasciglione
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Unsuitable investment recommendations.
- Investment of clients funds and risky illiquid REITs.
- Investment in illiquid REITs were unsuitable.
- Investments in client’s account were not suitable or consistent with his conservative investment objectives.
- Excessive margin and excessive commissions.
- Unauthorized trading.
- Unsuitability, breach of fiduciary duty and negligence related to alternative investments.
- Unsuitability, breach of fiduciary duty, negligence, misrepresentation and breach of contract related to private placement investments.
Michael Fasciglione Red Flags & Your Rights As An Investor
Of course, Michael Fasciglione did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Fasciglione at Aegis Capital Corp. and National Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Michael Fasciglione has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp. and National Securities Corporation also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Aegis Capital Corp. Due To Michael Fasciglione
If you have questions about Aegis Capital Corp., National Securities Corporation and/or Michael Fasciglione and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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