Michael Christopher Martino of New York New York a stockbroker currently employed by Four Points Capital Partners LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $107,038.00 in damages founded on accusations that the customer’s account was mishandled by Martino between 2011 and 2017 while Martino was employed by Four Points Capital Partners. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00505 (Feb. 13, 2020).
Martino has been identified in four additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed by securities broker dealers including Four Points Capital Partners. FINRA Public Disclosure indicates that a customer initiated investment related arbitration claim pertaining to Martino’s conduct was settled for $234,971.50 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Martino. According to the claim, misrepresentations were made by the stockbroker concerning the customer’s investments. The customer had allegedly been defrauded. The claim also alleges negligence and supervisory failures by Four Points Capital Partners.
Another customer initiated investment related complaint in reference to Martino’s conduct was resolved for $14,500.00 in damages based upon accusations that the investment strategy selected for the customer’s account was not appropriate for the Four Points Capital Partners customer. On June 16, 2017, a customer filed an investment related complaint in reference to Martino’s conduct where the customer sought $49,329.60 in damages based upon accusations of unsuitable equity trades being effected by Martino in the Four Points Capital Partners customer’s account. The complaint also alleges that Martino failed to act in the best interests of the customer.
Martino is also the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations of Martino’s investment recommendations at Four Points Capital Partners failing to be suitable for the customer and causing the customer to experience unwarranted stock losses. FINRA Arbitration No. 19-03743 (Jan 7, 2020).
FINRA Public Disclosure also confirms that Martino’s stockbroker registration had been revoked by the Utah Division of Securities founded on accusations of Martino failing to cooperate with the regulator’s requests for information. Case No. SD-01-0083. The stockbroker has also been employed by at least three different securities broker dealers who have been expelled by regulators for violation of federal securities laws or who are otherwise defunct.
Martino has been employed by Four Points Capital Partners since April 15, 2011.