Michael Schiavello Faced Aegis Capital Corp Investor Complaints About Misrepresentation

Investors might have sustained losses because of securities broker Michael Anthony Schiavello [CRD: 2153242, Garden City, New York], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Schiavello worked for Aegis Capital Corp. from September 11, 2017, to April 1, 2024, and has been registered with Dominari Securities LLC since March 4, 2024. Continue reading to find out more about Schiavello’s disclosures.

Aegis Capital Corp Investor Accused Schiavello Of Breach Of Fiduciary Duty, Breach Of Contract

Notably, on September 9, 2025, an Aegis Capital Corp client filed FINRA Arbitration No. 25-01901 about Michael Schiavello. Primarily, the client alleged that Schiavello breached a contract, violated FINRA rules, made omissions, made misrepresentations, made unsuitable recommendations, and breached his fiduciary duty. For this reason, the client allegedly incurred damages connected to private placements. Therefore, the client requested compensation from Aegis Capital Corp or Schiavello. It appears that this arbitration is pending a resolution.

Michael Schiavello Disclosed Unsuitable Recommendations Allegations By Aegis Capital Corp Client

Also, a client of Aegis Capital Corp contested Michael Schiavello’s sales practices, based on a complaint dated June 28, 2025. Allegedly, Schiavello violated FINRA rules, made misrepresentations, and made unsuitable recommendations. It appears that Schiavello allegedly caused the investor to sustain damages associated with stocks. As a result, the client sought compensation from Aegis Capital Corp or Schiavello in the amount of $200,000 in this matter.

Were You Impacted By Financial Advisor / Securities Broker Schiavello?

Do you have concerns or questions regarding investments you made with Michael Schiavello? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Schiavello and brokerage firms Schiavello worked for deny allegations of sales practice violations.