Did You Lose Money Because of Michael Vassalotti?
Filed: March 12, 2024
Michael Vassalotti has been the subject of four (4) customer complaints. 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 Nicholas Vassalotti.
Who Is Michael Nicholas Vassalotti of UBS Financial Services, Inc.?
- Advisor Name: Michael Nicholas Vassalotti
- Aliases: Michael Vassalotti
- CRD: 1461475
- Location: West Palm Beach, Florida
- Current Employer: UBS Financial Services, Inc.
- Previous Firms: Morgan Stanley Smith Barney
- Number of Known Customer Complaints: 4
- Can Michael Vassalotti Be Sued: Yes, in Private Arbitration
- Can Michael Vassalotti’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $974,094.12
- Highest Settlement: $1,150,000
If you have suffered investment losses by Michael Vassalotti, 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 Vassalotti For Broker Misconduct
As of this publication date, Michael Vassalotti has been the subject of 4 customer disputes. Let’s review them below.
In February 2023, a complaint was filed against or in reference to Michael Vassalotti by a customer of UBS Financial Services, Inc. alleging that the client was recommended an unsuitable investment strategy in which material misrepresentations were made. The client further alleges the strategy was not purchased in the client’s best interest. Per the customer, he/she lost over $974,094.12 because of Mr. Vassalotti’s actions. On May 1, 2023, Mr. Vassalotti settled the claim for $1,150,000, and some or all of this amount may have been paid by Mr. Vassalotti’s employer and/or insurance carrier.
In February 2009, a complaint was filed against or in reference to Michael Vassalotti by a customer of Morgan Stanley & Co. Incorporated alleging that investments purchased on December 8, 2006 were not suitable for the customer. Per the customer, he/she lost over $108,416.57 because of Mr. Vassalotti’s actions.
In October 2007, a complaint was filed against or in reference to Michael Vassalotti by multiple customers of MS & Co. alleging that Mr. Vassalotti sold mutual funds in their accounts without their authorization. Per the customers, they lost over $21,000 because of Mr. Vassalotti’s actions.
In July 2005, a complaint was filed against or in reference to Michael Vassalotti by a customer of Morgan Stanley DW Inc. alleging that Mr. Vassalotti made unsuitable investments in the client’s account from October 2004 to present. Per the customer, she lost over $5,000 because of Mr. Vassalotti’s actions.
How To File A Claim Against Michael Vassalotti of UBS Financial Services, Inc. (previously with Morgan Stanley Smith Barney) To Get Your Money Back
If you have questions about Michael Vassalotti, UBS Financial Services, Inc., Morgan Stanley Smith Barney, 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.