DID MICHAEL FRANK VETERE CAUSE YOU INVESTMENT LOSSES?
Michael Vetere Formerly With Aegis Capital Corp. and TFS Securities, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
Michael Vetere Customer Complaints
Michael Vetere has been the subject of 4 customer complaints that we know about to recover investment losses. One of the customer complaints was settled by Ameritas Investment Corp. for $500,000. The other 2 customer complaints were denied by his former employers. There is currently one FINRA arbitration proceeding pending against his former employer.
Allegations Against Michael Vetere
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Failure to disclose mutual fund early redemption penalties, churning, and investments not in client’s best interest.
- Advisor caused clients to sign blank forms related to their annuity contracts and funded their annuity by taking a loan out against their life insurance policy without their consent.
- Excessive trading.
- Unsuitable investment advice, breach of fiduciary duty, negligence, churning, and breach of contract.
Michael Vetere Red Flags & Your Rights As An Investor
Of course, Michael Vetere 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 Vetere at Aegis Capital Corp. and TFS Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Vetere has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp. and TFS Securities, 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.
File A Claim To Recover Your Investment Losses At Aegis Capital Corp. Due To Michael Vetere
If you have questions about Aegis Capital Corp., TFS Securities, Inc. and/or Michael Vetere 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.