New York
APRIL 2019 UPDATE- Michael A. Castillero left Alexander Capital in 6/2017 and worked for Windsor Street Capital from 6/2017-10/2017. In 2/2019 he was permanently barred from the securities industry by FINRA after he refused to appear for testimony in connection with an investigation into allegations that he made unauthorized trades in a customer account.
MAY 2017 UPDATE-FINRA records disclose that in 11/2016 a customer of Alexander Capital who had alleged damages of $190,000 for unsuitable investments, negligence, unauthorized trading and other claims was paid a settlement of $100,000. Castillero contributed $25,000 toward that settlement.
ORIGINAL POST 7/5/2016
According to FINRA records, Michael A. Castillero , a stockbroker who currently is employed by Alexander Capital LP. discloses three pending customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Castillero’s FINRA record discloses three previously resolved disputes and three pending customer disputes including:
- FINRA Case 16-1702- a customer of Alexander Capital LP alleges damages of $56,000 for unsuitable investments, negligence and unauthorized trading.
Brokers have a duty to make investment recommendations that are suitable for the customer, taking into account the age, health, investment objective and risk tolerance of the investor.
Castillero’s previous employment includes Legend Securities and J.P. Turner & Co.
If you have questions about an account handled by Michael A. Castillero, call for a no charge consultation.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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