August 2016-Colt’s Neck, New Jersey
The FINRA records of Michael P. Dalessandro , a stock broker who is currently employed by The Investment Center , disclose a pending customer dispute and a prior final customer dispute.
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.
In the pending dispute, FINRA Case #16-0190, a customer of The Investment Center alleges that between March 2013 and August 2015, Dalessandro recommended that they invest in various oil and gas investments, high yield products and publicly traded securities which were unsuitable. No damages are specified.
In a prior customer dispute resolved in June 2016, a customer of The Investment Center alleged unauthorized and excessive trading. That matter was settled for $82,500.
Dalessandro has been employed by The Investment Center since 9/1991.
August 2016-Investment Center Fined $50,000 by Texas Regulators Over Sale of Energy Securities – See this for details.
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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