Michael Fasciglione of Mineola, New York, a stockbroker formerly registered with Aegis Capital Corp, is identified in a customer initiated investment related FINRA securities arbitration claim where the customer sought $95,000.00 in damages based upon allegations that Fasciglione made misrepresentations to the customer regarding stocks during the time that he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-00471 (March 7, 2022). According to the claim, unauthorized, excessive, and unsuitable transactions were effected by Fasciglione. The claim also contains accusations of negligence and breach of fiduciary duty.
FINRA Public Disclosure shows that Fasciglione has been identified in sixteen additional customer initiated investment related disputes containing allegations of his conduct while registered with securities broker dealers, including National Securities Corporation and Aegis Capital Corp. Fasciglione is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $27,104.00 in compensatory damages. FINRA Arbitration No. 19-03440 (October 29, 2021). The Statement of Claim alleges that National Securities Corporation failed to supervise. Accusations also include overconcentration, unsuitable transactions, and breach of fiduciary duty.
Fasciglione is referenced in a different customer initiated investment related FINRA securities arbitration claim where the customer requested $1,700,000.00 in damages supported by allegations of Fasciglione’s unsuitable recommendations to the customer concerning a real estate security when Fasciglione was registered with National Securities Corp and Aegis Capital Corp. FINRA Arbitration No. 21-01414 (June 2, 2021).
On June 5, 2021, another customer filed an investment related FINRA securities arbitration claim regarding Fasciglione’s activities in which the customer sought $135,000.00 in damages founded on accusations of suitability relating to banking products and real estate securities. FINRA Arbitration No. 21-01030.
Fasciglione is also identified in a customer initiated investment related FINRA securities arbitration claim where the customer requested $422,000.00 in damages based upon allegations of an unsuitable private placement recommendation by Fasciglione while he was associated with National Securities Corp. FINRA Arbitration No. 21-01568 (July 8, 2021).
On September 21, 2021, another customer filed an investment related FINRA securities arbitration claim concerning Fasciglione’s conduct in which the customer sought $125,000.00 in damages supported by accusations of an unsuitable real estate security by Fasciglione at National Securities Corporation. FINRA Arbitration No. 21-01921.
Fasciglione is additionally the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $136,300.00 in damages founded on allegations that Fasciglione provided unsuitable recommendations at National Securities Corporation as it pertained to a private placement and real-estate security. FINRA Arbitration No. 21-01952 (October 22, 2021).
On February 9, 2022, a different customer filed an investment related FINRA securities arbitration claim involving Fasciglione’s activities in which the customer sought $150,000.00 in damages based upon accusations of unsuitability relating to illiquid REITs. FINRA Arbitration No. 22-00162.
On March 8, 2022, yet another customer initiated investment related FINRA securities arbitration claim regarding Fasciglione’s conduct was resolved for $67,500.00 in damages supported by allegations that an unsuitable real estate security was sold to the customer during the time that Fasciglione was employed by National Securities Corp. FINRA Arbitration No. 21-01221.
Fasciglione was registered with National Securities Corporation between January 30, 2007, and September 29, 2017. He has been associated with Aegis Capital Corp since September 13, 2017.
