Mike Conte Out At Fusion Analytics Amid FINRA Bar

FINRA, SEC Take Action Against Mike Conte (Fusion Analytics)

FINRA BrokerCheck indicates that investors alleged improper sales practices involving securities broker Michael James Conte “Mike Conte” (CRD#: 2646071, St. James, NY) and that those violations resulted in damages. Notably, Conte was a securities broker at Fusion Analytics Securities LLC during the time of the allegations against him. You’ll want to take a closer look at the allegations of breach of fiduciary and negligence as reported on BrokerCheck, bearing in mind that the broker denies committing any inappropriate sales practices.

FINRA Bars Conte For Refusing To Testify In Investigation Into Bond Offerings

FINRA barred Mike Conte as a securities broker effective October 18, 2021. The regulator usually expels a securities broker who fails to comply during an investigation. Mainly, the securities broker allegedly violated Rule 8210, as he refused to testify concerning his supervision and participation in bond offerings.

Fusion Analytics Discharges Mike Conte Because Of FINRA Bar

Evidently, the firm terminated Mike Conte as a securities broker on November 17, 2021. This is because FINRA barred the securities broker.

SEC Files Complaint Against Mike Conte

It appears that the regulator filed a complaint against Mike Conte on August 17, 2021. SEC contends that the securities broker, among other things, made misrepresentations regarding Fusion Analytics Investment Partners LLC notes. Supposedly, he violated federal securities laws.

Fusion Analytics Client Alleges Breach Of Fiduciary Duty By Conte Regarding Corporate Bonds

It seems that a Fusion Analytics client disputed Mike Conte’s actions as a securities broker, according to an investment dispute on September 21, 2021. Specifically, the investor alleges unreasonable sales practices, including breach of fiduciary duty, negligent supervision, failure to supervise, unsuitable trading, and negligence. Notably, Conte allegedly caused the client to experience damages as a result of his actions relating to corporate bonds. Therefore, the client demands that the securities firm pay them $499,000 in damages. It appears that this matter is currently unresolved.

Fusion Analytics Ordered To Pay Client Who Alleged Negligence In Connection With Private Offering In Promissory Note

Specifically, a client of Fusion Analytics expressed concerns about Mike Conte’s sales practices, according to a dispute listed on BrokerCheck dated July 5, 2016. Mainly, the securities broker is accused of breach of fiduciary duty, negligence, and the violation of the Pennsylvania Securities Act. Supposedly, Conte caused the client to incur damages relating to the client’s investments in a promissory note. Evidently, the client received an award of $100,000 in compensatory damages on August 16, 2018.

Did You Sustain Damages Through Mike Conte?

Did Mike Conte cause you to experience losses? You could call Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group takes clients’ cases on a contingency fee basis. Also, we advance all costs. The firm has recovered compensation for many US investors who incurred losses because of their financial advisors and securities brokers. Please note that Conte denies all allegations of improper sales practices.