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Michael Vetere Formerly With Aegis Capital Corp. and TFS Securities, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct

Who is Michael Vetere formerly with Aegis Capital Corp.?

Michael Vetere

Michael Vetere (CRD #4275271) who was formerly registered as a broker with Aegis Capital Corp. and located in Bayside, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Aegis Capital Corp., Michael Vetere was associated with TFS Securities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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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.

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 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.

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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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