Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
MICHAEL FELIX GRECO (MICHAEL F GRECO) is currently registered as a broker with MML INVESTORS SERVICES, LLC of Coral Springs, Florida. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, Greco has been with MML since 4/6/2006.
MICHAEL F GRECO, according to BrokerCheck, has been in the securities industry for 41 years and has been listed with 3 firms. Greco has 4 disclosures on his FINRA CRD report. Three are “Customer Disputes,” and one is an “Employment Separation after Allegations” from TOWER SQUARE SECURITIES of El Segundo, California dated 7/29/2002. The allegations were, “TERMINATED FOR FAILURE TO FULLY RESPOND AND COOPERATE WITH AN INTERNAL INSPECTION AND INVESTIGATION.”
Of the 3 “Customer Disputes,” on MICHAEL F GRECO’s FINRA CRD report, one was “Closed with no action” in 2005, another dispute was settled in 2005 for $5,000.00 following the allegations of, “UNSUITABLE INVESTMENT.” On December 11, 2024, another dispute was filed involving MICHAEL F GRECO. The allegations were, “The complainant alleges that the fixed annuity that was sold to her in 2019, which was funded by a securities account, was unsuitable and that she was taken advantage of.” The claimant sought $43,792 in alleged damages in the claim, which was denied.
Brokers/dealers and financial advisors have an obligation to their clients regarding the suitability of the recommendations they are providing. FINRA rule 2111 says that brokers must have “reasonable basis to believe” the investments or strategies they are recommending to their clients are suitable for their investment goals. To determine a recommendation’s suitability for their client, the broker/financial advisor must identify and consider the client’s investment profile. This includes the client’s net worth, investment objectives, liquidity needs, risk tolerance, and other factors.
To discuss this article or any other securities issues contact the Pompano Beach, Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost: 888-760-6552.
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Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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