Advisor Alert: Our Attorneys Are Investigating Michael Ciro Colletti For Investment Fraud
Did You Lose Money Because of Michael Colletti?
Filed: March 14, 2024
Michael Colletti currently has one (1) pending regulatory event. Overall, he has been the subject of two (2) regulatory events and two (2) termination events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Michael Ciro Colletti.
Who Is Michael Ciro Colletti of Sovereign Global Advisors LLC?
- Advisor Name: Michael Ciro Colletti
- Aliases: Michael Colletti
- CRD: 4577898
- Location: Denver, Colorado and Glen Cove, New York
- Current Employer: Sovereign Global Advisors LLC
- Previous Firms: IC Advisory Services, Inc., The Investment Center, Inc., and Cadaret Grant & Co Inc.
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 2
- Can Michael Colletti Be Sued: Yes, in Private Arbitration
- Can Michael Colletti’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Michael Colletti, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Michael Colletti For Broker Misconduct
As of this publication date, Michael Colletti has been the subject of 2 regulatory events and 2 termination events. Let’s review them below.
In February 2023, FINRA initiated a regulatory action against or in reference to Michael Colletti for allegedly placing trades with total principal value of approximately $157,231 in the account of an elderly customer without the customer’s prior authorization. As of this publication date, this action remains pending.
In July 2017, FINRA initiated a regulatory action against or in reference to Michael Colletti for allegedly failing to reasonably supervise cold callers in his branch office that he had hired without following his member firm’s procedures.
In December 2014, Securities America, Inc. terminated Michael Colletti for failing to timely disclose to SAI his discharge by his prior firm.
In October 2014, National Securities Corp terminated Michael Colletti for failure to disclose outside business activity to the firm.
How To File A Claim Against Michael Colletti of Sovereign Global Advisors LLC (previously with IC Advisory Services, Inc., The Investment Center, Inc., and Cadaret Grant & Co Inc.) To Get Your Money Back
If you have questions about Michael Colletti, Sovereign Global Advisors LLC, IC Advisory Services, Inc., The Investment Center, Inc., Cadaret Grant & Co Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.