Michael Jay Shatsky (also known as Mike Shatsky), of Boca Raton, Florida, a former stockbroker and investment advisor representative registered with Sky Alpha Asset Advisors LLC, was the subject of a customer initiated investment related AAA securities arbitration claim in which the customer requested $788,000.00 in damages based upon allegations that Shatsky made misrepresentations of material fact about options and mismanaged the customer’s investment account when Shatsky was associated with Sky Alpha Asset Advisors LLC. AAA Arbitration No. 01-24-0005-9824 (June 14, 2024).
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Shatsky was referenced in five other customer initiated investment related disputes concerning Shatsky’s conduct while associated with securities broker dealers, including Citigroup Global Markets Inc. On February 27, 2009, a customer filed an investment related complaint involving Shatsky’s conduct in which the customer requested compensatory damages based upon allegations that Shatsky made unsuitable recommendations in variable annuities when Shatsky was associated with Citigroup Global Markets Inc. The complaint was denied on April 8, 2009.
On February 15, 2023, a different customer initiated investment related AAA securities arbitration claim involving Shatsky’s conduct was settled for $310,000.00 in damages based upon allegations that Shatsky mismanaged an options trading strategy, made misrepresentations, and breached his fiduciary duties when Shatsky was associated with Sky Alpha Asset Advisors. AAA Arbitration No. 01-22-0000-1316.
Shatsky was also referenced in a customer initiated investment complaint that was settled on June 7, 2019, for $42,500.00 in damages based upon allegations that Shatsky mismanaged the customer’s account and made misrepresentations of an options trading strategy that was being used on the customer’s account when Shatsky was associated with Sky Alpha Asset Advisors.
Shatsky was associated with Oppenheimer Co. Inc. in Boca Raton, Florida from November 6, 2017, to August 24, 2018.
