FINRA Sanctions Michael Ferrera

Soreide Law Group is investigating possible investor claims against securities broker Michael Ferrera (also known as Michael G. Ferrera Jr.) [CRD: 4865324, Ontario, CA]. Mainly, FINRA sanctioned the securities broker, who worked for Sagepoint Financial Inc. Allegedly, Ferrera engaged in an undisclosed outside business activity. Here is a brief summary of FINRA’s allegations against Michael Ferrera

FINRA Sanctions Ferrera For Outside Business Activities

Notably, on September 1, 2022, FINRA issued Case: 2019063639201 sanctioning Michael Ferrera for infractions. Specifically, Ferrera was issued a 2-year suspension and a $15,000 fine. Notably, FINRA alleged that Ferrera engaged in an undisclosed outside business activity. Supposedly, he helped an elderly person manage their financial affairs and charged that person $20,000 over five years for his help.

Sagepoint Financial Inc. Terminates Michael Ferrera

Also, on March 9, 2020, Sagepoint Financial Inc. disaffiliated with Michael Ferrera. Mainly, Sagepoint Financial Inc. alleged that Ferrera did not fully disclose his outside business activity.

Ferrera Employment Information

• Ferrera worked for Independent Financial Group LLC in Beverly Hills, CA, as a securities broker from April of 2020 to August of 2022.
• Ferrera worked for Sagepoint Financial Inc. in Ontario, CA, as a securities broker from October of 2005 to March of 2020.

Damages Resulting From Sagepoint Financial Inc. Securities Broker Michael Ferrera?

Did you suffer damages because of securities broker Ferrera? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Ferrera and brokerage firms Ferrera worked for deny any and all allegations of sales practice violations.