Investors have reportedly disputed the sales practices of securities broker Michael Cannegieter [CRD: 4740847, Miami, Florida], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Michael Cannegieter has worked for Merrill Lynch since October 23, 2009. Investors are encouraged to continue reading to discover more about disclosures associated with this securities broker.
Evidently, on November 7, 2025, a Merrill Lynch client filed a complaint about Michael Cannegieter. Primarily, the client alleged that Cannegieter failed to follow instructions related to transactions involving stocks. For this reason, the client allegedly experienced damages connected to the handling of these investments. Therefore, the client requested compensation from Merrill Lynch or Cannegieter.
Notably, a client of Banc of America Investment Services Inc. contested Cannegieter’s sales practices, according to a complaint. Allegedly, Cannegieter recommended illiquid investments. It appears that Cannegieter caused the client to experience damages linked to auction rate securities. As a result, Banc of America Investment Services Inc. opted to settle the matter on June 9, 2009, by compensating the client in the amount of $400,000.
Particularly, on April 12, 2006, a Bank of America Investment Services Inc. client filed a complaint about Michael Cannegieter. Mainly, the client alleged that Cannegieter overconcentrated accounts and recommended risky investments. Because of this, the client allegedly incurred damages connected to corporate bonds. Consequently, the client requested $90,000 in compensation from Bank of America Investment Services Inc. or Cannegieter. However, the firm denied this complaint.
Did you suffer any investment-related losses because of Michael Cannegieter? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm represents investors on a contingency fee basis and advances all costs. Cannegieter and brokerage firms Cannegieter worked for deny accusations of sales practice violations.
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