Michael Roger Pineda, of Denver Colorado, a stockbroker registered with Lifemark Securities Corp, is the subject of a customer initiated, investment related FINRA securties arbitration claim seeking $105,000 in damages resulting from the recommendation and sale of certain “corporate bonds” of a company that later declared bankruptcy. FINRA Arbitration No. 25-02408 (Nov. 4, 2025).
Although he is not name personally in the matte, the arbitration claims that Pindeda, as a registered representative of LifeMark Securities, made unsuitable investment recommendations, breached his fiduciary duty, failed to perform reasonable due diligence, and was negligent in recommending that the investor invest in a company that that later filed for Chapter 11 bankruptcy.
FINRA Public Disclosure shows that Pineda was also previously the subject of customer initiated, investment related FINRA securities arbitration claim also alleging the breach of fiduciary duty, negligence, fraud, and the violation of securities laws also in connection with the recommendation and sale of certain “corporate debt” securities belong to a company that later declared bankruptcy. FINRA Arbitration No. 22-01766 (August 15, 2022). The matter was settled for $45,000.
According to FINRA Public Disclosure, Pineda was not a party to the arbitration and “[w]ithout admitting any wrongdoing, LifeMark and the client have entered into a confidential Settlement Agreement and Release in which the client has provided a full release in favor of LifeMark.” The settlement was merely a random act of altruism. “Neither the Settlement Agreement nor its covenants and releases shall be construed as an admission of liability by Lifemark or any of its agents, shareholders, principals, members, officers, directors, or representatives. Mr. Pineda was not involved in settlement discussions and did not contribute to the settlement.”
The Guiliano Law Group, P.C.
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