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 may have incurred losses because of securities broker Michael Rolf Siek [CRD: 2072767, New York, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Siek worked for Aegis Capital Corp. from December 8, 2014 to April 3, 2024, and joined Dominari Securities LLC on March 4, 2024. See the following information to find out more about Siek’s disclosures and the allegations made by clients.
Specifically, on December 3, 2024, an Aegis Capital Corp. client filed FINRA Arbitration No. 24-02557 about Michael Siek. Supposedly, Siek made unsuitable recommendations. For this reason, the client allegedly incurred damages relating to stocks. Consequently, the client requested $5,000 or more in compensation from Aegis Capital Corp. or Siek. Evidently, this arbitration is pending a resolution.
Additionally, a client of Aegis Capital Corp. disputed Michael Siek’s sales practices in FINRA Arbitration No. 24-01989 on September 16, 2024. Allegedly, Siek gave unsuitable advice about stocks. Therefore, the client seeks compensation from Aegis Capital Corp. or Siek in the amount of $5,000 or greater in this ongoing matter.
Also, a client filed a complaint about Michael Siek. Mainly, the client alleged that Siek made unsuitable recommendations. Because of this, the client allegedly sustained damages linked to private equity products. Consequently, on January 4, 2010, Spencer Trask Ventures settled this matter by paying the client $9,500.00 in damages.
In addition, a client of Spencer Trask Ventures contested Michael Siek’s sales practices, according to a complaint. Allegedly, Siek gave unsuitable advice relating to private equity sales. Therefore, Spencer Trask Ventures opted to settle the matter on October 26, 2009, by paying the client $9,500.00.
Do you have concerns or questions regarding investments you made with Michael Siek? If so, contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors throughout the United States. Also, the firm handles cases on a contingency fee basis and advances the costs. Siek and brokerage firms Siek 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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