Michael Tantleff was a California based securities broker. He worked in the securities industry for thirty-nine years. During his career, he was registered with four different securities firms.
His registrations included; Dean Witter & Co. (1977), Paine, Webber, Jackson & Curtis Incorporated (1977-1983), Prudential Securities Incorporated (1983-2003), and Wells Fargo Clearing Services (2003-2017). He is no longer working as a registered securities broker in any fashion.
Michael Tantleff’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In September 1995, customers alleged negligence, breach of fiduciary duty, misrepresentation, and omission of facts. These allegations were in connection with purchases of limited partnerships. This case was settled for $85,000 in damages.
In October 2001, customers alleged that Michael Tantleff failed to follow their instructions to liquidate their managed accounts.
In July 2002, a customer alleged that Michael Tantleff made unsuitable investment recommendations and unsuitable use of margin. This case was settled for $550,000 in damages.
In December 2015, a customer alleged that Michael Tantleff provided him with inaccurate information about his investments. This case was settled for $50,000 in damages.
In January 2016, a customer alleged that his low-risk retirement portfolio should have been invested more conservatively then it was. The alleged transgressions taking place between January and December of 2015. This case was settled for $47,200 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 Tantleff, please contact Oakes & Fosher for a free and private consultation.