Advisor Alert: Our Attorneys Are Investigating Michael Christopher Venturino For Investment Fraud

Chetan Patil on January 17, 2024

Did You Lose Money Because of Michael Venturino?

Filed: January 16, 2024

Michael Venturino currently has one (1) pending regulatory event and two (2) pending judgment/lien events. Overall, he has been the subject of two (2) regulatory events, seventeen (17) customer complaints, one (1) financial event, and two (2) 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 Christopher Venturino.

Who Is Michael Christopher Venturino?

  • Advisor Name: Michael Christopher Venturino
  • Aliases: Michael Venturino
  • CRD: 5872439
  • Location: Garden City, New York
  • Current Employer: Currently Not Registered
  • Previous Firms: Spartan Capital Securities, LLC, Trident Partners LTD., and Aegis Capital Corp.
  • Number of Known Customer Complaints: 17
  • Number of Known Regulatory Events: 2
  • Number of Known Financial Events: 1
  • Number of Known Judgment/Lien Events: 2
  • Can Michael Venturino Be Sued: Yes, in Private Arbitration
  • Can Michael Venturino’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
  • Highest Damages Allegation: $14,745,513
  • Highest Settlement: $600,000

If you have suffered investment losses by Michael Venturino, 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 Venturino For Broker Misconduct

As of this publication date, Michael Venturino has been the subject of 2 regulatory events, 17 customer disputes 1, financial event, and 2 judgment/lien events. Let’s review them below.

In February 2023, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Trident Partners LTD. alleging suitability, churning, failure to supervise, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, misrepresentation, and omission of facts. Per the customer, he/she lost over $46,399 because of Mr. Venturino’s actions. On March 14, 2023, Mr. Venturino settled the claim for $16,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In August 2022, FINRA initiated a regulatory action against or in reference to Michael Venturino for allegedly willfully violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder and violated FINRA Rule 2020.

In February 2022, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unauthorized trading; churning; fraud and misrepresentation. Per the customer, he/she lost over $250,000 because of Mr. Venturino’s actions. On April 6, 2022, Mr. Venturino settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In March 2021, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unsuitable investments, misrepresentation, breach of financial duty, and breach of contract. On September 16, 2022, Mr. Venturino settled the claim for $600,000 and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In January 2021, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unsuitable investment strategy. Per the customer, he/she lost over $50,000 because of Mr. Venturino’s actions. On March 29, 2021, Mr. Venturino settled the claim for $39,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In July 2020, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unauthorized trading and breach of contract. On June 16, 2021, Mr. Venturino settled the claim for $175,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In May 2020, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. and Spartan Capital Securities alleging breach of fiduciary duty, negligence, unsuitable investments, breach of contract, and churning. Per the customer, he/she lost over $985,000 because of Mr. Venturino’s actions. On May 8, 2020, Mr. Venturino settled the claim for $235,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In May 2020, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Spartan Capital Securities, LLC and Aegis Capital Corp. alleging breach of fiduciary duty, negligence, unsuitable investments, breach of contract, and churning. Per the customer, he/she lost over $985,000 because of Mr. Venturino’s actions. On August 5, 2022, Mr. Venturino settled the claim for $235,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In March 2020, Michael Venturino was the subject of a civil judgment or lien in the amount of $3,874. 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 February 2020, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unsuitability. Per the customer, he/she lost over $225,000 because of Mr. Venturino’s actions. On August 16, 2021, Mr. Venturino settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In December 2019, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unsuitable investments and high pressure sales tactics. Per the customer, he/she lost over $150,000 because of Mr. Venturino’s actions. On January 25, 2021, Mr. Venturino settled the claim for $62,500, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In January 2019, Mr. Venturino filed for bankruptcy at the United States Bankruptcy Court.

In October 2018, Michael Venturino was the subject of a civil judgment or lien in the amount of $406,984. 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 September 2018, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Craig Spott Capital LLC alleging churning, negligence and unsuitability, failure to supervise, and breach of fiduciary duty. Per the customer, he/she lost over $14,745,513 because of Mr. Venturino’s actions.

In September 2018, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging that Mr. Venturino engaged in churning, unsuitable transactions and misrepresentation. Per the customer, he/she lost over $240,359.83 because of Mr. Venturino’s actions.

In July 2018, FINRA initiated a regulatory action against or in reference to Michael Venturino for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

In February 2018, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unauthorized trading and unsuitable investment recommendations. Per the customer, he/she lost over $1,280,623 because of Mr. Venturino’s actions. On March 29, 2021, Mr. Venturino settled the claim for $300,688.16, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In July 2017, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unauthorized trading in various securities. Per the customer, he/she lost over $33,489.38 because of Mr. Venturino’s actions. On November 29, 2017, Mr. Venturino settled the claim for $16,500, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In May 2017, a complaint was filed against or in reference to Michael Venturino by a customer of Craig Spott Capital LLC alleging unsuitable transactions, excessive trading and churning. Per the customer, he/she lost over $55,855 because of Mr. Venturino’s actions.

In April 2016, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging excessive activity, unauthorized trading, and breach of fiduciary duty. Per the customer, he/she lost over $515,000 because of Mr. Venturino’s actions. On June 14, 2017, Mr. Venturino settled the claim for $142,500, and some or all of this amount may have been paid by Mr. Venturino’s employer and/or insurance carrier.

In June 2014, a complaint was filed against or in reference to Michael Venturino by a customer of Craig Spott Capital LLC alleging excessive mark-ups or commissions. Per the customer, he/she lost over $125,000 because of Mr. Venturino’s actions.

In March 2013, a FINRA arbitration was filed against or in reference to Michael Venturino by a customer of Aegis Capital Corp. alleging unsuitability, unauthorized trading, churning, violations of federal and state securities laws, common law fraud, failure to supervise, gross negligence, ordinary negligence, breach of contract, control person liability and respondent superior. Per the customer, he/she lost over $140,368.71 because of Mr. Venturino’s actions. On March 5, 2014, Mr. Venturino settled the claim for $142,500.

How To File A Claim Against Michael Venturino (previously with Spartan Capital Securities, LLC, Trident Partners LTD., and Aegis Capital Corp.) To Get Your Money Back

If you have questions about Michael Venturino, Spartan Capital Securities, LLC, Trident Partners LTD., Aegis Capital Corp., 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.