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Written by 12:33 am Current Investigations, Securities Fraud Articles

Michael S. Lavolpe Barred from Securities Industry

Michael S. Lavolpe

Concerned about investment losses with Michael S. Lavolpe?

Have you suffered losses investing with Michael S. Lavolpe? If so, The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

According to FINRA, Michael S. Lavolpe (CRD #5054798, Brooklyn, New York) was permanently barred from the securities industry. The sanction was based on findings that Lavolpe failed to respond to FINRA requests for documents and information as part of an examination into his allegedly unsuitable trading in a customer’s account.

For FINRA’s full findings see FINRA Case #2015047559201.

According to FINRA BrokerCheck, Lavolpe was registered with Meyers Associates in New York, NY from03/22/2006 – 07/29/2014. He has six customer disputes listed on his Broker report, four complaints are pending for allegations of unsuitable investments.

For FINRA’s full findings see FINRA Case #2015047559201.

Recovery of Investment Losses

Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning, that violate securities laws and regulations.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

If you suffered losses investing with Michael S. Lavolpe, the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.



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