Published on:

Fusion Analytics broker Michael Dellaporta: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Florida-based Fusion Analytics broker Michael Dellaporta (CRD# 500214).

Michael Dellaporta has spent 38 years in the securities industry and has been registered with Fusion Analytics Securities in Coral Springs, Florida since 2015. Previous registrations include Ameriprise Financial Services in Fort Lauderdale, Florida (2010-2015); Oppenheimer & Company in Fort Lauderdale (2005-2010); Wachovia Securities in St. Louis, Missouri (2003-2005); Oppenheimer & Company in New York (2005); Prudential Securities in New York (2001-2003); Dean Witter Reynolds in Purchase, New York (1996-2000); ABN AMRO Securities in Stanford, Connecticut (1995-1996); and nine other firms between 1976 and 1991. Mr. Dellaporta is currently not registered with any US state.

According to his BrokerCheck report, Michael Dellaporta is the subject of two final customer complaints, one pending customer complaint and has been terminated from Ameriprise Financial Services.

In June 2015 Michael Dellaporta was terminated from Ameriprise Financial Services following allegations he engaged in unauthorized use of discretion, solicitation of securities that didn’t meet firm requirements, and mismarked trade tickets as unsolicited.   

In 2013 a customer alleged Michael Dellaporta, while employed at Oppenheimer & Company, made excessive trades on margin in unsuitable investments. The customer is seeking $800,000 in damages in the pending complaint.

In 2011 a customer alleged Michael Dellaporta, while employed at Oppenheimer & Company, made excessive and unsuitable transactions between 2005 and 2009. The complaint settled in 2012 for $52,500.

In 2009 a customer alleged Michael Dellaporta, while employed at Oppenheimer & Company, made an unsuitable and unauthorized change in the customer’s investment strategy. The complaint settled for $150,000.

If you have lost money investing with Michael Dellaporta, Ameriprise Financial Services, or Oppenheimer & Company, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.