DID MICHAEL JAMES MANISCALCO CAUSE YOU INVESTMENT LOSSES?
About Michael Maniscalco of Charles Schwab & Co. Inc.?
Michael Maniscalco (CRD #2994430) has been actively engaged in the securities industry since 1999. He is currently employed by Charles Schwab & Co., Inc., in Wayne, Pennsylvania as a registered broker and investment advisor, a position he has held since January 2009. Over his career, Maniscalco has passed three general industry/product exams and two multi-state securities law exams and is registered with two self-regulatory organizations and licensed in 26 U.S. states and territories. His prior affiliations include TIAA-CREF Advice and Planning Services, SEI Investments Distribution Co., and Vanguard Marketing Corporation, reflecting a broad experience across various financial institutions.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Maniscalco Customer Complaints and Reviews
Michael J. Maniscalco has been involved in one reported customer dispute:
- Customer Dispute (Pending as of July 2024): Claimants allege that Maniscalco failed to adequately invest their funds, opting instead to keep a substantial amount in cash or cash equivalents during a period where the equity market was rising. The claimants argue this decision caused them to miss potential market gains, with specific damages yet to be determined pending an arbitration hearing under FINRA case number 24-01497.
Allegations Against Michael Maniscalco
- Customer Dispute (Pending as of July 2024):
- Allegation: Negligence in managing client funds by maintaining a substantial amount in cash during a rising equity market, thereby causing missed investment opportunities.
- Product Type: Money Market Fund, Cash.
- Current Status: The case is pending arbitration with damages to be determined at the hearing. The complaint underscores concern about investment strategy and the fiduciary responsibilities of financial consultants during active market periods.
Michael Maniscalco Red Flags & Your Rights As An Investor
Of course, Michael Maniscalco 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 Maniscalco at Charles Schwab & Co. Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Maniscalco has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Charles Schwab & Co. Inc. 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 Charles Schwab & Co. Inc. Due To Michael Maniscalco
If you have questions about Charles Schwab & Co. Inc. and/or Michael Maniscalco 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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