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 might have sustained losses due to financial advisor / securities broker Michael Jay Shatsky (also known as Mike Shatsky) [CRD: 2430683, Boca Raton, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Michael Shatsky joined Sky Alpha Asset Advisors LLC as a financial advisor in 2018. He worked at Oppenheimer Co. Inc. from 2017 to 2018. Keep reading to learn more about the securities broker’s disclosures.
Specifically, on June 14, 2024, a Sky Alpha Asset Advisors LLC client filed AAA Arbitration No. 01-24-0005-9824 about Michael Shatsky. Mainly, the client alleged mismanagement and omissions. Because of this, the investor supposedly sustained damages on options. Therefore, they requested $788,000 in compensation from Sky Alpha Asset Advisors LLC or Shatsky. However, this arbitration is unresolved.
Particularly, a client of Sky Alpha Asset Advisors contested Michael Shatsky’s sales practices by filing AAA Arbitration No. 01-24-0005-9824. Notably, the investor alleged mismanagement and misrepresentation of an options trading strategy. Allegedly, Shatsky caused the client to sustain damages on options. Therefore, Sky Alpha Asset Advisors opted to settle the matter on June 7, 2019, by compensating the client in the amount of $42,500.
Additionally, a client of Sky Alpha Asset Advisors contested Michael Shatsky's sales practices by filing AAA Arbitration No. 01-22-0000-1316. Notably, the investor alleged breach of fiduciary duty, misrepresentations, and mismanagement of an options trading strategy. As a result, Sky Alpha Asset Advisors opted to settle the matter on February 15, 2023, by compensating the client in the amount of $310,000.
Also, a client of Citigroup Global Markets Inc. contested Michael Shatsky's sales practices, according to a complaint dated February 27, 2009. Notably, the investor alleged unsuitable recommendations. Allegedly, Shatsky allegedly caused the client to sustain damages on variable annuities. Consequently, they sought damages from Citigroup Global Markets Inc. in this matter. The complaint was denied on April 8, 2009.
Evidently, on December 31, 2002, a Salomon Smith Barney client filed a complaint about Michael Shatsky. The client alleged failure to follow instructions and negligence. Because of this, the investor supposedly sustained damages on foreign debt products. However, they withdrew their complaint.
Did you experience losses due to Michael Shatsky? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group investment loss recovery lawyers help individuals throughout the United States, work on a contingency fee basis, and advance all costs. Shatsky and brokerage firms Shatsky 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.
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