Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that broker Michael Christopher Martino (Martino), currently employed by Four Points Capital Partners LLC (Four Points Capital Partners) has been subject to at least six customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Martino’s customer complaints alleges that Martino recommended unsuitable investments in various investments among other allegations of misconduct relating to the handling of their accounts, including fraud and misrepresentation.
In June 2020, a customer complained that Martino violated the securities laws by alleging that Martino engaged in unsuitable investment advice involving unsuitable concentrations, along with unreasonable commissions. The complaint also alleged that Martino failed to know the customer. The claim alleges $543,163 in damages and is currently pending.
In February 2020, a customer complained that Martino violated the securities laws by alleging that Martino engaged in mismanagement of customer accounts. The claim alleges $107,038 in damages and is currently pending.
In January 2020, a customer complained that Martino violated the securities laws by alleging that Martino provided poor advice which caused the customer losses. The damage amount requested was $200,000. The claim settled in the amount of $14,900.
In January 2014, a customer complained that Martino violated the securities laws by alleging that Martino engaged in unsuitable investment advice. The damage amount requested was $100,000. The claim settled in the amount of $14,500.