Michael Nicholas Guilfoyle, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., has been named in a customer initiated investment related arbitration claim, which settled on October 2, 2015, for $99,999.00 in damages based upon allegations that Guilfoyle excessively traded or churned the customer’s investment account, made unsuitable over-the-counter equity recommendations, and effected unauthorized transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on February 19, 2010, a customer filed an investment related written complaint involving Guilfoyle’s conduct, in which the customer requested $299,817.48 in damages based upon allegations that Guilfoyle effected unsuitable and excessive transactions in the customer’s account, made misrepresentations to the customer concerning investments, breached his fiduciary duties, placed trades in the customer’s account without authorization, and defrauded the customer.
Guilfoyle’s securities registration from Legend Securities, Inc. was terminated on May 16, 2016. Beginning on September 24, 2016, Guilfoyle became associated with Four Points Capital Partners LLC. Since September 27, 2006, Guilfoyle has been associated with twelve different broker dealers, seven of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
Guiliano Law Group
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