Michael Fasciglione is a New York-based securities broker. He has worked in the securities industry for thirty years. During his career, he has been registered with eleven different securities firms.

His registrations include; J.T. Moran & Co. (1988-1990), Vanderbilt Securities (1990), Robert Todd Financial Corp. (1990), The Stuart-James Company Incorporated (1990), Chatfield Dean & Co. (1990-1991), Continental Broker-Dealer Corp. (1991-1998), Josephthal & Co. (1998-2002), Oppenheimer & Co. (2002-2004), First Montauk Securities Corp. (2004-2007), National Securities Corporation (2007-2017), and Aegis Capital Corp. (2017-Present).

Michael Fasciglione’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.

In July 1995, a customer alleged unsuitability. This case was settled for $120,000 in damages.

In July 1997, a customer alleged unsuitability, breach of fiduciary duty, and misrepresentation. This case was settled for $47,000 in damages.

In November 1999, a customer alleged that Fasciglione allowed his account to exceed comfortable margin balances and charged excessive commissions. This case was settled for $30,000 in damages.

In August 2002, a customer alleged misrepresentation, unauthorized trading, and unsuitability. This case went to arbitration where the customer was awarded $300,000 in damages.

In April 2009, a customer alleged fraud, breach of contract, excessive trading, unsuitability, and negligence. This case was settled for $150,000 in damages.

In May 2012, a customer alleged unsuitability and churning. This case was settled for $80,000 in damages.

In May 2014, a customer alleged unsuitability, breach of contract, breach of fiduciary duty, and negligence. This case was settled for $525,000 in damages

In May 2017, a customer alleged unsuitability, breach of fiduciary duty, and negligence. This case is currently pending. The customer is seeking $432,020 in damages.

In March 2018, a customer alleged misrepresentation. This case was settled for $15,000 in damages.

In November 2018, a customer alleged unsuitability. This case is currently pending. The customer is seeking $12,703 in damages.

In December 2018, a customer alleged unsuitability and breach of fiduciary duty. This case is currently pending. The customer is seeking $467,000 in 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 Fasciglione, please contact Oakes & Fosher for a free and private consultation.