Michael Montelli of Hauppauge New York a stockbroker currently registered with American Capital Partners LLC is referenced in a customer initiated investment related written complaint on April 11, 2017 in which the customer requested damages estimated to exceed $5,000.00 in damages founded on accusations that (1) margin was utilized without the customer’s permission (2) unauthorized transactions were executed in the customer’s account and (3) unsuitable equities had been held in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Montelli is referenced in two more customer initiated investment related disputes pertaining to allegations of Montelli’s misconduct while employed with American Capital Partners LLC and South Richmond Securities Inc. Specifically, Montelli was subject of a customer initiated investment related arbitration claim where the customers were awarded compensatory damages based upon Montelli having been found liable for failing to execute securities sales in customers’ accounts, causing the customers to sustain losses. National Association of Securities Dealers (NASD) Arbitration No. 94-03853.
Moreover, a customer initiated investment related arbitration claim regarding Montelli’s activities was settled for $110,000.00 in damages supported by accusations that unsuitable penny stock, options and equities had been held in the customer’s account, and the customers investment portfolio had been churned. FINRA Arbitration No. 14-03212 (Dec. 29, 2015).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
