Investors apparently complained about securities broker Michael Maggiore [CRD: 5596240, Colts Neck, New Jersey], according to disclosures on FINRA BrokerCheck. According to the regulator, Maggiore has worked for Equitable Advisors LLC since October 2, 2008, working from offices in Colts Neck, New Jersey, Woodbridge, New Jersey, and Naples, Florida. Read on to learn more about the securities broker’s disclosures.
Specifically, a client of Equitable Advisors LLC filed FINRA Arbitration No. 23-03300 about Michael Maggiore. The client alleged that Maggiore made unsuitable recommendations concerning a real estate security. Because of this, the client allegedly sustained damages. Therefore, on January 14, 2025, Equitable Advisors LLC settled this matter by paying the client $28,350.15 in damages, with Maggiore individually contributing $27,437 to the settlement.
Notably, a client of AXA Advisors LLC contested Michael Maggiore’s sales practices, according to a complaint dated December 10, 2014. Allegedly, Maggiore made misrepresentations regarding the sale of a variable life insurance policy. It appears that Maggiore allegedly caused the client to sustain damages. Therefore, the client sought damages from AXA Advisors LLC or Maggiore. On January 28, 2015, the firm denied the complaint, finding no basis for the client’s allegations.
Are you looking for more information about Michael Maggiore? If you incurred losses, get in touch with Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a possible recovery. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Maggiore and brokerage firms Maggiore worked for deny accusations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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