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.
Investors may have suffered financial harm by securities broker Michael Giordano (also known as Mike Giordano) [CRD: 5352775, Red Bank, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Giordano has been registered with Charles Schwab Co. Inc. since March 30, 2021, and previously worked for Ameriprise Financial Services LLC in Hauppauge, New York from November 3, 2020, through February 25, 2021. See below to learn more about a client dispute disclosed on his FINRA record.
Specifically, on November 22, 2024, a Charles Schwab client filed FINRA Arbitration No. 24-02513 about Michael Giordano. Primarily, the client alleged that Giordano recommended an investment approach that was not appropriate for their circumstances and objectives. Because of this, the client allegedly sustained damages involving stocks. Therefore, the client requested $51,047.16 in compensation from Charles Schwab or Giordano. BrokerCheck shows that this arbitration is awaiting a resolution.
Unsuitable advice generally refers to recommendations made by a securities broker or financial advisor that do not match a client's financial needs, risk tolerance, investment objectives, or overall circumstances. Brokers are expected to have a reasonable basis for recommendations. When an investment strategy is inconsistent with a client's profile, investors may face risks or losses they were not prepared to accept.
Are you worried about investments you made through Michael Giordano? You can contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the country. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Giordano and brokerage firms Giordano worked for deny accusations of sales practice violations.
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.
Phone:
Fax: 1-954-760-6553
Email: [email protected]