Investor Alert: Michael F. Ginestro Facing $2.4 Million FINRA Claim Over Alleged Unsuitable Municipal Bond Strategy
If you invested with Michael F. Ginestro and suffered losses, contact the securities attorneys at Goodman & Nekvasil, P.A. for a free and confidential consultation.
Who Is Michael F. Ginestro?
Michael Frederick Ginestro—also known as Mike Ginestro—is a broker and investment adviser currently registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Los Angeles, CA. He has also had prior registrations at firms including MML Investors Services, Charles Schwab, UBOC Investment Services, Dean Witter Reynolds, and Oppenheimer & Co.
MICHAEL FREDERICK GINESTRO
MIKE GINESTRO, Michael Ginestro
CRD#: 2468911
$2.4 Million Claim Filed in FINRA Arbitration
According to FINRA’s BrokerCheck, a pending customer dispute was filed in May 2025.
The allegations include:
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Unsuitable investment strategy involving municipal debt securities
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Misrepresentation and omission of material facts
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Failure to act in the client’s best interest
The claimant is seeking $2,400,000.00 in damages. This matter remains pending.
If you invested with Michael F. Ginestro (CRD#: 2468911) and experienced losses, call today to preserve your rights.
Possible Signs You Were Affected
You may have a claim if you:
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Purchased municipal bonds that did not match your risk tolerance or investment objectives
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Were given misleading or incomplete information about the risks
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Experienced significant losses from municipal bond investments
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 8/12/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.