Michael Joseph Dellaporta Jr. Barred

Soreide Law Group, based in South Florida, obtained the following information on the Florida broker from FINRA’s June, 2021, Disciplinary Report:
Michael Joseph Dellaporta Jr. (CRD #500214, Ft. Lauderdale, Florida)
On April 14, 2021, an Acceptance, Waiver and Consent (AWC) was issued by FINRA in which Michael Joseph Dellaporta Jr. was barred from association with any FINRA member in all capacities.
Without admitting or denying FINRA’s findings, Michael Joseph Dellaporta Jr. consented to the sanction and to the entry of findings that he allegedly refused to produce information and documents requested by FINRA in connection with its investigation into his alleged involvement in an OBA (outside business activity).
(FINRA Case #2020069029001)
According to FINRA’s BrokerCheck, Michael Joseph Dellaporta Jr., was in the securities industry for 42 years. Dellaporta has 8 disclosures on his CRD report, 5 are “Customer Disputes.” Four of the disputes have settled and one is pending.
In July of 2013, one of the disputes settled for $375,000 following allegations of, “Excessive trading on margin in unsuitable investments.”
In January of 2017, a dispute settled for $150,000, following allegations of, “Claimant, on behalf of herself individually and in her capacities as trustee and personal representative, alleges that respondent recommended unsuitable investments that were over-concentrated in alleged low rated collateralized mortgage obligations and other mortgage backed securities. Claimant further alleges that the securities were purchased without permission.”
In June of 2015, according to FINRA's BrokerCheck,  AMERIPRISE FINANCIAL SERVICES, INC., discharged Michael Joseph Dellaporta Jr., following allegations of, “THE REGISTERED REPRESENTATIVE WAS TERMINATED FOR COMPANY POLICY VIOLATIONS RELATED TO UNAUTHORIZED USE OF DISCRETION, SOLICITATION OF FIXED INCOME SECURITIES NOT MEETING FIRM RATING REQUIREMENTS, SOLICITATION OF PROHIBITED OPTION TRADING LEVELS, AND MISMARKING TRADE TICKETS AS UNSOLICITED.”
According to BrokerCheck, Michael Joseph Dellaporta Jr. was listed with 16 firms, the most recent below:
08/10/2018 - 08/28/2019  B.B. GRAHAM & COMPANY, INC - Fort Lauderdale, FL
08/28/2015 - 08/13/2018  FUSION ANALYTICS SECURITIES LLC - CORAL SPRINGS, FL
09/10/2010 - 07/17/2015  AMERIPRISE FINANCIAL SERVICES, INC - Ft Lauderdale, FL
02/18/2005 - 09/17/2010  OPPENHEIMER & CO. INC. - FORT LAUDERDALE, FL
If you’ve experienced financial losses due to the actions or recommendations of former Ft. Lauderdale, Florida broker, Michael Joseph Dellaporta Jr., contact Soreide Law Group, conveniently based in South Florida, and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group works on a contingency fee basis, no fee to you if no recovery, and we represent our clients nationwide before FINRA.
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