Two FINRA claims were filed involving Michael Fasciglione’s and National Securities Corporation. The claims allege suitability, breach of contract, breach of fiduciary duty, negligence, and/or churning.
The claims were settled for $525,000 and $80,000. FINRA reports of 6 other settled claims involving with prior brokerages.
Michael Fasciglione has been licensed with Aegis Capital Corp since September 2017; previously Fasciglione was licensed with National Securities Corporation. In December 2014, Fasciglione was suspended from the securities industry for 1 month and fined $5,000 by FINRA.
FINRA also reports that Michael Fasciglione was previously censured, barred for two months, and ordered to re-take qualifying exams by the New York Stock Exchange Division of Enforcement.
FINRA states that a separate claim involving Fasciglione’s conduct with National Securities Corporation is pending. That claim alleges unsuitability and misrepresentation seeks $23,000 in damages. Yet another claim was settled for $300,000.
If you lost money with Michael Fasciglione, Aegis Capital Corp and/or National Securities Corporation we would like to hear from you. There is no charge for an evaluation of your case.
Anthony M. Abraham, Esq., PC, has represented many investors who have claimed against Brokers for Churning, Unsuitable Investments for return of assets taken through fraud, including claims against Registered Investment Advisors. Anthony M. Abraham, Esq., PC is experienced in churning and unauthorized trading claims. If you were victimized and need help, please call us Toll Free at 1-877-430-4877 for a Free Consultation or email us at Anthony@AbrahamAttorneys.com.