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Massachusetts Broker, Michael Zenick, Sanctioned

shutterstock_212979097The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Alexander Capital broker Michael Zenick (CRD# 2239891).

Michael Zenick has spent 23 years in the securities industry and has been registered with Alexander & Company in New York, New York since 2014. Previous registrations include Laidlaw & Company in New York, New York (2009-2014); Wells Fargo Advisors in New York, New York (2006-2009); Ryan Beck & Company in New York, New York (2002-2006); Gruntal & Company in New York, New York (1999-2002); First Albany Corporation in New York, New York (1995-1999); AR Baron & Company in New York, New York (1992-1995); and DH Blair & Company in New York, New York (1992). He is a registered broker in 26 US states and territories.

According to his BrokerCheck report, Michael Zenick is the subject of one regulatory sanction and four customer complaints.

  • In 2014 the Commonwealth of Massachusetts sanctioned Michael Zenick following allegations he exhibited a “pattern of behavior that has moved the division to place conditions on his registration.” Among other conditions, Mr. Zenick was put on heightened supervision, forbidden from exercising discretion in Massachusetts customer accounts, and forbidden from having principal, supervisory, or managerial duties.
  • In 2011 a customer alleged Michael Zenick, while employed at Wells Fargo Advisors, recommended unsuitable investments. The complaint settled for $165,000.
  • In 2007 a customer alleged Michael Zenick, while employed at Ryan Beck & Company, mishandled the account and executed excessive trades. The complaint settled for $68,000.
  • In 2005 a customer alleged Michael Zenick, while employed at Ryan Beck & Company, improperly managed her account. The complaint settled for $37,500.
  • In 2001 a customer alleged Michael Zenick, while employed at Gruntal & Company, mismanaged the account and failed to follow sales instructions. The complaint settled in 2002 for $20,000.

If you or someone you know has a complaint regarding Michael Zenick, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.