Goodman & Nekvasil P.A., May Recover Your Investment Losses – Michael Fasciglione Suspended from Securities Industry
Michael Fasciglione has been licensed with Aegis Capital Corp since September 2017. Michael Fasciglione was previously licensed with National Securities Corporation. Michael Fasciglione was suspended from the securities and investment banking industry for 1 month and fined $5,000 by the Financial Industry Regulatory Authority (FINRA) in December 2014. FINRA reports that Michael Fasciglione consented to the sanctions and to the entry of findings that Michael Fasciglione failed to timely amend Michael Fasciglione’s Form U4 to disclose one Internal Revenue Service (IRS) tax lien filed against Michael Fasciglione.
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 reports that two complaints and/or arbitration claims were filed involving Michael Fasciglione’s conduct with National Securities Corporation, alleging suitability, breach of contract, breach of fiduciary duty, negligence, and/or churning. These complaints and/or arbitration claims involving Michael Fasciglione’s conduct were settled for $525,000 and $80,000. Michael Fasciglione contributed $162,075.91 in total to these two settlements. FINRA reports of 6 other settled complaints and/or arbitration claims involving Michael Fascigliones’s conduct with prior firms.
FINRA reports that a complaint involving Michael Fasciglione’s conduct with National Securities Corporation is currently pending. This complaint alleging suitability and misrepresentation seeks $23,000 in damages.
FINRA reports that an arbitration claim involving Michael Fasciglione’s conduct with a previous firm was filed, alleging breach of contract, negligent misrepresentation & omissions, unauthorized trading, unsuitability, negligence, and breach of fiduciary duty. This claim did not settle and proceeded to final hearing. The arbitration panel found Michael Fasciglione and two firms jointly and severely liable to claimants in the amount of $300,000.
If you lost any money on investments with Michael Fasciglione, while Michael Fasciglione was employed with Aegis Capital Corp and/or National Securities Corporation, you may be able to recover your losses from Aegis Capital Corp and/or National Securities Corporation. This is because Aegis Capital Corp and National Securities Corporation had a duty to supervise Michael Fasciglione.
If you lost money on investments with Aegis Capital Corp and/or National Securities Corporation 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 against Aegis Capital Corp and/or National Securities Corporation concerning Michael Fasciglione’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. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Our firm has recovered more than $300 million for victimized investors. If you lost money on investments with Michael Fasciglione 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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