Michael Sharenow

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Sharenow (Sharenow), previously associated with Wells Fargo Advisors, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sharenow recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 29, 2023.

Customer complained that the financial advisor recommended an investment based on promises of income levels that did not prove accurate, and taxes on phantom income have resulted in a negative return. (7/30/2013-10/28/2016)

The investment fraud lawyers of Gana Weinstein LLP are examining multiple customer disputes filed with the Financial Industry Regulatory Authority (FINRA) against broker Michael Jay Sharenow (Sharenow). Sharenow’s FINRA BrokerCheck record shows several disclosures mainly pertaining to unsuitable investments.

In November 2016, a customer alleged that he or she instructed Sharenow to buy highly rated bonds but Sharenow instead bought two inappropriate securities. This dispute settled in November 2016 for the amount of $8,258.42.

A currently pending case against Sharenow was filed in October 2016 for allegedly over-concentrating a client’s portfolio during the period of 2012 to 2015 while he was employed at Wells Fargo Advisors. The clients claim that the alleged damages are greater than $810,000.00.

Articles Tagged with Michael Sharenow

There are Recent Customer Complaints with Broker Michael Sharenow in Firm Wells Fargo Advisors, LLC

Financial Adviser Michael Jay Sharenow Subject to Multiple Client Disputes