Michael Castillero was a New York-based securities broker. He worked in the securities industry for fourteen years. During his career, he was registered with four different securities firms.
His registrations included; J.P. Turner & Company (2002-2010), Legend Securities (2010-2012), Alexander Capital (2012-2017), and Windsor Street Capital (2017). He is no longer working as a registered securities broker in any fashion.
Michael Castillero’s publicly available FINRA BrokerCheck report shows that she has received multiple customer complaints over the course of his career.
In November 2006, a customer alleged churning and unsuitability. This case was settled for $235,000 in damages.
In April 2009, a customer alleged fraud, deceit, misrepresentation, and breach of fiduciary duty. This case was settled for $59,500 in damages.
In July 2015, a customer alleged that Michael Castillero made unsuitable investments and violated FINRA rules. This case was settled for $20,000 in damages.
In August 2015, a customer alleged unauthorized trading and churning. This case was settled for $83,000 in damages.
In June 2016, a customer alleged unsuitability, negligence, and unauthorized trading. This case was settled for $25,000 in damages.
In July 2016, a customer alleged unsuitable investments, negligence, unauthorized trading, breach of fiduciary duty, and negligent misrepresentation. This case was settled for $100,000 in damages.
In June 2017, a customer alleged that Michael Castillero made unsuitable investment recommendations.
In July 2017, a customer alleged unsuitable investments, misrepresentation, misstatements, and material omissions. This case was settled for $25,000 in damages.
In May 2018, a customer alleged that Michael Castillero engaged in unauthorized trading. This case is currently pending. The customer is seeking $52,900 in damages.
In November 2018, a customer alleged unsuitable transactions, misrepresentations, and churning. The alleged transgressions taking place between April 2012 and November 2016. This case is currently pending. The customer is seeking $231,758 in damages.
In February 2019, Michael Castillero was officially barred by FINRA from acting as a securities broker in any fashion after allegedly failing to comply with an investigation into his alleged unauthorized trading.
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 Castillero, please contact Oakes & Fosher for a free and private consultation.