Michael Vetere – Two Customer Disputes Filed Involving Financial Advisor Michael Vetere | Goodman & Nekvasil, PA May Recover Investor Losses
Michael Vetere Financial Advisor CRD #4275271
Michael Vetere was a formerly licensed financial advisor with Aegis Capital Corp., TFS Securities, Inc. and Ameritas Investment Corp.
According to Michael Vetere’s CRD, two customer disputes alleging sales practice violations against Michael Vetere have been filed.
Customer Dispute 2/19/19: Statement of claim indicates while with Ameritas in 2015: client unaware of mutual funds early redemption penalties, churning, life insurance policies not in his best interest. while with TFS in 2016: claims additional penalties for terminating or transferring life policies, (not thru TFS Securities, Inc.) loss of guaranteed int and div benefits, NY Reg 60 not received. This customer dispute is pending and seeks $1,000,0000.
Customer Dispute 2/12/18: Claimant allege unsuitable investment advice, breach of fiduciary duty, negligence, churning, breach of contract, fraud and failure to supervise. This customer dispute was settled for $500,000.
According to Michael Vetere’s CRD, Michael Vetere was discharged from Ameritas Investment Corp. in March 2016. According to Michael Vetere’s CRD, Michael Vetere allegedly facilitated the purchase of a $675,000 variable annuity contract without properly disclosing the source of funds to purchase this contract was from the surrender of a $700,000 universal life insurance policy. Michael Vetere allegedly held customer funds and made inaccurate statements to Compliance personnel during the investigation. Michael Vetere also allegedly submitted another variable annuity contract to a vendor prior to receiving the firm’s required pre-approval.
If you lost any money on investments with Michael Vetere, you may be able to recover your losses. If you lost money on investments with Michael Vetere and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Michael Vetere’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Vetere and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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