Michael Starr of New York New York is a stockbroker currently registered with RBC Capital Markets LLC who is the subject of a customer initiated investment related written complaint on December 29, 2016 where the customer sought $38,000.00 in damages founded on allegations that the customer was not apprised of the risks of investing in unit investment trust products from August of 2015 to September of 2016.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Starr has been referenced in two more customer initiated investment related disputes pertaining to accusations of Starr’s misconduct while employed with Gruntal & Co., LLC, and Stifel, Nicolaus & Company, Inc. Particularly, on February 22, 1999, a customer filed an investment related written complaint involving Starr’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Starr utilized high pressure sales tactics to induce the customer’s technology stock purchases; made unsuitable investment recommendations to the customer concerning municipal debt products and over-the-counter equities; and churned the customer’s investment portfolio.
Thereafter, on November 21, 2016, a customer filed an investment related written complaint that pertained to Starr’s conduct where the customer sought $35,800.00 in damages supported by accusations that Starr failed to communicate with the customer and procure the customer’s authorization before effecting over-the-counter equities transactions in the customer’s account.
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