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Michael Iannarino Formerly With Stifel Nicolaus & Company , Private Client Services and BCG Securities Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Michael Iannarino formerly with Stifel Nicolaus & Company?

Michael Iannarino (CRD #1258453) who was formerly registered with Stifel Nicolaus & Company and located in Columbus, Ohio is a subject of one of our many securities industry sales practice abuse investigations. Prior to Stifel Nicolaus & Company, Michael Iannarino was associated with Private Client Services, BCG Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Michael Innarino has had his own regulatory problems.  Last year, FINRA barred him permanently from association with any member firm in any capacity for failure of supply documents and information requested by FINRA during its investigation of his potential recommendation and sale of promissory notes to individuals without firm approval.  He is also the subject of a cease-and-desist order for the sale of unregistered securities and acting as an unlicensed investment adviser in the State of Ohio.

Michael Iannarino Customer Complaints

Michael Iannarino has been the subject of 4 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Michael Iannarino’s 4 customer complaints was settled in favor of investors. Two of Michael Iannarino’s customers’ complaints were denied and the customers did not take any further action. There is currently one pending customer complaint filed against Private Client Services for investment losses caused by Michael Iannarino’s alleged misconduct. 

Allegations Against Michael Iannarino

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

  • Client complained that sell instructions were not followed allegedly by Michael Iannarino. 
  • Ohio resident said that trades done in a discretionary account allegedly by Michael Iannarino were not authorized. 
  • The claimants alleged the representative Michael Iannarino recommended an investment into an unregistered security through the use of promissory notes which he misrepresented as a safe low-risk investment with a specified or high return.

Michael Iannarino Red Flags & Your Rights As An Investor

Of course, Michael Iannarino 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 Iannarino at Stifel Nicolaus & Company, Private Client Services, and BCG Securities on alert to review carefully the activity and performance of their accounts and question whether Michael Iannarino has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Stifel Nicolaus & Company, Private Client Services, and BCG Securities 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.

File A Claim To Recover Your Investment Losses At Stifel Nicolaus & Company Due To Michael Iannarino

If you have questions about Stifel Nicolaus & Company, Private Client Services, BCG Securities, and/or Michael Iannarino 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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