Michael Nanto Allegedly Converts Customer Funds

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Michael Nanto. According to his publicly available FINRA BrokerCheck report, Michael Nanto has been the subject of a customer dispute.

Michael Nanto was a California based securities broker. He worked in the securities industry for just three years. During his career, he was registered with two different securities firms. He is no longer working as a registered securities broker in any fashion.

His Registrations

• Mutual of Omaha Investor Services


• J.P. Morgan Securities

The Allegations

In September 2017, a customer alleged that Michael Nanto forged an endorsement signature on a check meant for the customer and converted the full amount of the check for $6,946. This case was settled for $7,500 in damages. He eventually pled guilty to a charge of 'Grand Theft.'

Michael Nanto was eventually barred by FINRA from acting as a securities broker in any fashion.

Oakes & Fosher Can Help

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Michael Nanto, please contact Oakes & Fosher for a free and private consultation.