Michael Philip Capolongo, of Melville, New York, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., is the subject of a customer initiated investment related arbitration claim, which settled on July 2, 2015, for $28,500.00 in damages based upon allegations that Capolongo effected unsuitable stock transactions in the customer’s account and churned the customer’s investment portfolio.
Financial Industry Regulatory Authority (FINRA) Public Disclosure also confirms that on January 20, 2016, a customer initiated investment related written complaint regarding Capolongo’s activities was resolved for $46,000.00 in damages based upon allegations against him of suitability and churning as it pertained to over-the-counter equities effected in the customer’s account.
Since 2009, he has been associated with ten different broker dealers, eight of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Capolongo has been registered with Worden Capital Management LLC since September 22, 2016.
Guiliano Law Group
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