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Michael Corrada Formerly With Center Street Securities, Inc. And Coastal Equities, Inc. Has 7 Customer Complaints For Alleged Broker Misconduct

Who is Michael Corrada formerly with Center Street Securities, Inc.?

Michael Corrada

Michael Corrada (CRD #709158) who was formerly registered with Center Street Securities, Inc. and located in Richmond, Virginia, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Center Street Securities, Inc., Michael Corrada was associated with Coastal Equities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Michael Corrada Customer Complaints

Michael Corrada has been the subject of 7 customer complaints that we know about seeking to recover investment losses. Three of the customer complaints were settled by Michael Corrada’s former employers in favor of the investors. Two of the customer complaints were denied by SunTrust Investment Services. There are currently two FINRA arbitration proceedings pending against the advisor’s former employers for his alleged misconduct.

Allegations Against Michael Corrada

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Recommendation of unsuitable alternative investment.
  • Failure to conduct reasonable and adequate due diligence on alternative investments which were unsuitable for client.
  • Failure to inform clients that their closed-end fund investment was in junk bonds and uninsured.
  • Unsuitable recommendation of RMK fund.
  • Lack of suitability and misrepresentation of investment.
  • Lack of suitability of RMK fund investments recommended by advisor.
  • Corporate bond was unsuitable recommendation.
  • Misrepresentation of investment for client.

Michael Corrada Red Flags & Your Rights As An Investor

Of course, Michael Corrada did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Corrada at Center Street Securities, Inc. and Coastal Equities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Corrada has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Center Street Securities, Inc. and Coastal Equities, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Center Street Securities, Inc. Due To Michael Corrada

If you have questions about Center Street Securities, Inc., Coastal Equities, Inc. and/or Michael Corrada and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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