John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Investors apparently complained about securities broker Michael Robert Dandrea [CRD: 5919930, Melville, New York], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Michael Dandrea worked for Sovereign Global Advisors LLC from September 13, 2016, to February 23, 2024, and is currently registered with Arete Wealth Management LLC and Arete Wealth Advisors LLC beginning February 21, 2024, and February 22, 2024, respectively. Investors are encouraged to continue reading to discover more about the disclosures involving this securities broker.
Evidently, on October 27, 2025, a Sovereign Global Advisors LLC client filed FINRA Arbitration No. 25-02342 concerning Michael Dandrea. Mainly, the client alleged that Dandrea engaged in excessive trading and unsuitable trading, along with breach of contract and breach of the duty of good faith and fair dealing. Because of this, the client allegedly experienced damages. Therefore, the client requested $1,440,000 in compensation from Sovereign Global Advisors LLC or Dandrea. It appears that this arbitration awaits a resolution.
Additionally, a client of Sovereign Global Advisors LLC contested Dandrea’s sales practices, according to a complaint dated September 19, 2023. Allegedly, Dandrea breached a contract, breached his fiduciary duty, and engaged in churning, negligence, and unauthorized and unsuitable trading. It appears that Dandrea allegedly caused the client to experience damages. As a result, the client sought compensation from Sovereign Global Advisors LLC or Dandrea in the amount of $100,000 in this matter. The complaint was closed with no action on August 12, 2025.
Are you concerned about investments you made through Michael Dandrea? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm represents investors on a contingency fee basis and advances all costs. Dandrea and the brokerage firms Dandrea worked for deny allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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