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Michael Cifelli (Merrill Lynch Broker) has Complaints

Michael CifelliThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Pennsylvania-based Wells Fargo broker/adviser Michael Cifelli (CRD# 1276418).

Michael Cifelli has spent 31 years in the securities industry and has been registered with Wells Fargo in Philadelphia, Pennsylvania since 2012. Previous registrations include Morgan Stanley Smith Barney in Northfield, New Jersey (2009-2012); Morgan Stanley & Company in Northfield, New Jersey (2007-2009); Morgan Stanley DW in Northfield, New Jersey (2003-2007); Legg Mason Wood Walker in Baltimore, Maryland (2002-2003); and Merrill Lynch in New York, New York (1984-2002). He is a registered broker and investment adviser with nineteen US states and territories.

According to his BrokerCheck report, Michael Cifelli is the subject of five customer complaints and five denied customer complaints.

In 2011 a customer alleged Michael Cifelli, while employed at Merrill Lynch, recommended unsuitable investments from March 1998 to November 2002. The customer sought $50,000 in damages in the complaint, which was denied.

In 2005 a customer alleged Michael Cifelli, while employed at Merrill Lynch, misrepresented material facts and recommended unsuitable investments in mutual funds. The complaint settled in 2006 for $137,500.

In 2005 a customer alleged Cifelli, while employed at Merrill Lynch, made unsuitable investment recommendations. The complaint settled in 2006 for $21,000.

In 2005 a customer alleged Michael Cifelli, while employed at Merrill Lynch, recommended unsuitable mutual fund investments. The complaint settled in 2006 for $53,000.

In 2005 a customer alleged Michael Cifelli, while employed at Merrill Lynch, made unsuitable recommendations. The customer sought $250,000 in damages in the complaint, which was denied.

In 2003 a customer alleged Cifelli, while employed at Merrill Lynch, “took advantage of her” with respect to the sale of $120,000 in mutual funds. The complaint settled for $35,000.

In 2001 a customer alleged Michael Cifelli, while employed at Merrill Lynch, executed unauthorized trades. The complaint settled in 2003 for $40,000.

If you have suffered losses while investing with Michael Cifelli, you may be entitled to a recovery. 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 collect 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.