Advisor Alert: Our Attorneys Are Investigating Michael William Risko For Investment Fraud
Did You Lose Money Because of Michael Risko?
Filed: March 18, 2024
Michael Risko currently has two (2) pending customer complaints and three (3) pending judgment/lien events. Overall, he has been the subject of two (2) customer complaints and three (3) judgment/lien 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 William Risko.
Who Is Michael William Risko of Osaic Institutions, Inc.?
- Advisor Name: Michael William Risko
- Aliases: Michael Risko
- CRD: 1975573
- Location: Hyde Park, New York
- Current Employer: Osaic Institutions, Inc.
- Previous Firms: Essex National Securities, LLC
- Number of Known Customer Complaints: 2
- Number of Known Judgment/Lien Events: 3
- Can Michael Risko Be Sued: Yes, in Private Arbitration
- Can Michael Risko’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $330,000
- Highest Settlement: Unknown
If you have suffered investment losses by Michael Risko, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Risko For Broker Misconduct
As of this publication date, Michael Risko has been the subject of 2 customer disputes and 3 judgment/lien events. Let’s review them below.
In June 2023, a FINRA arbitration was filed against or in reference to Michael Risko by a customer of Essex National Securities, LLC alleging that Mr. Risko sold a REIT that was allegedly unsuitable for the client’s investment profile. Per the customer, he/she lost over $330,000 because of Mr. Risko’s actions. As of this publication date, this claim remains pending.
In December 2022, a complaint was filed against or in reference to Michael Risko by a customer of Infinex Investments, Inc. alleging poor service that caused the client to miss REIT quarterly distribution. Per the customer, he/she lost over $77,161.99 because of Mr. Risko’s actions. As of this publication date, this claim remains pending.
In January 2011, Michael Risko was the subject of a civil judgment or lien in the amount of $7,210.82. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In March 2010, Michael Risko was the subject of a civil judgment or lien in the amount of $781.65. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In March 2010, Michael Risko was the subject of a civil judgment or lien in the amount of $4,013.13. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Michael Risko of Osaic Institutions, Inc. (previously with Essex National Securities, LLC) To Get Your Money Back
If you have questions about Michael Risko, Osaic Institutions, Inc., Essex National Securities, LLC, 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.