Michael Fisher of Melville New York a stockbroker formerly registered with Wells Fargo Advisors LLC is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $50,000.00 in compensatory damages based upon Wells Fargo Advisors being found liable on the customer’s claims which included that (1) the customer’s account was handled in a negligent manner (2) transactions failed to be supervised by the securities broker dealer (3) transactions effected in the customer’s account were not suitable for the customer and (4) fiduciary duties owed to the customer had been breached in regard to preferred fixed rate cap securities sold by the stockbroker during the time that he was associated with Wells Fargo Advisors. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-03250 (May 8, 2019).

FINRA Public Disclosure reveals that Fisher has been identified in three additional customer initiated investment related disputes containing accusations of his misconduct while the stockbroker was employed by Wells Fargo Advisors. Specifically, on December 15, 2015, a customer filed an investment related complaint involving Fisher’s conduct in which the customer sought unspecified damages based upon allegations that stock transactions effected in the customer’s account were not suitable for the customer.

Fisher is also the subject of a customer initiated investment related arbitration claim in which the customer was awarded $50,000.00 in compensatory damages based upon Wells Fargo being having been found liable on the customer’s claims including that inappropriate preferred fixed rate cap securities had been sold to the customer; recommendations and transactions were negligently effected by the stockbroker; and fiduciary obligations had been breached which resulted in the customer’s losses. FINRA Arbitration No. 17-00704 (Sept. 8, 2017). Another customer initiated investment related arbitration claim concerning Fisher’s activities was settled for $100,000.00 in damages founded on accusations that false or misleading statements were made to the customer concerning unit investment trust products; and the customer was poorly advised by the stockbroker. FINRA Arbitration No. 17-02314 (May 10, 2018).

Fisher’s registration with Wells Fargo Advisors has been terminated as of November 8, 2016. Since November 4, 2016, he has been registered with Ameriprise Financial Services.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website