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.
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Investors might have sustained losses due to securities broker Matthew James Kloos [CRD: 7292988, Monroeville, Pennsylvania], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Matthew Kloos worked for Cetera Investment Services LLC from February 21, 2024, to April 23, 2026, and previously worked for Mutual of Omaha Investor Services Inc. from August […]
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