Investors potentially experienced sales practice violations because of securities broker Michael Frederick Ginestro (also known as Mike Ginestro) [CRD: 2468911, Los Angeles, California], according to public information on FINRA BrokerCheck. Ginestro joined Merrill Lynch on October 7, 2020, in Los Angeles, California. Before that, he worked for MML Investors Services LLC from February 3, 2020 to September 24, 2020. Keep reading to know more regarding the client dispute about him.
Evidently, on May 14, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-00996 about Michael Ginestro. Specifically, the client alleged that Ginestro made unsuitable recommendations, omitted information, and misrepresented important details relating to investments. For this reason, the client allegedly sustained damages linked to municipal bonds. Therefore, the client requested $2,400,000 in compensation from Merrill Lynch or Ginestro. This arbitration is pending a resolution.
When a securities broker or financial advisor engages in unsuitable trading of municipal bonds, it means they recommend investments that are not appropriate based on the client’s financial goals, risk tolerance, or investment experience. Municipal bonds may carry risks such as interest rate sensitivity, credit risk, or lack of liquidity, and unsuitable trading can expose investors to losses they may not have understood or agreed to.
Do you have concerns or questions regarding investments you made through Michael Ginestro? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer. For years, Soreide Law Group has recouped losses for investors throughout the USA. Also, the firm works on a contingency fee arrangement and advances the costs. Ginestro and brokerage firms Ginestro worked for deny allegations of sales practice violations.
Investors potentially experienced sales practice violations by securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray has worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Continue reading to learn more about Carbray’s […]
Investors apparently complained about securities broker Juan Pablo Benavides [CRD: 4288007, Miami, Florida], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benavides has worked for Merrill Lynch as a securities broker since November 22, 2000, and as a financial advisor since March 15, 2004. See below to find out more about […]
Investors potentially incurred losses because of securities broker Sandy Meyer Leff [CRD: 1796695, Atlanta, Georgia], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Leff has worked for Carter Terry Company Inc. as a securities broker since October 6, 2016, and as a financial advisor since October 21, 2016. Keep reading to discover […]
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