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Michael Gimeli: Pending Complaint for Excessive Trading

Michael GimeliThe securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complains regarding New York-based Aegis broker Michael Gimeli (CRD# 2197242).

Michael Gimeli has spent 23 years in the securities industry and has been registered with Aegis Capital Corporation in New York, New York since 2011. Previous registrations include First Midwest Securities in Syosset, New York (2008-2011); Concord Equity Group in Syosset, New York (2006-2008); Gunnallen Financial in Tampa, Florida (2003-2005); Benchmark Securities Group in Oklahoma City, Oklahoma (2002-2003); Investec Ernst & Company in New York, New York (2000-2002); GKN Securities in New York, New York (1993-1995; 2000); First Cambridge Securities in New York, New York (1996-1997); Barington Capital Group in New York, New York (1995-1996); Lehman Brothers in New York, New York (1992-1993); and Whale Securities in New York, New York (1992). He is a registered broker in 40 US states and territories.

According to his BrokerCheck report, Michael Gimeli is the subject of one customer complaint and one pending customer complaint.

In 2013 a customer alleged Michael Gimeli, while employed at First Midwest Securities, executed excessive and unnecessary trades, charged excessive markup commissions with no downside protection, made false and misleading statements, committed fraud, made negligent misrepresentations, breached his fiduciary duty, and breached covenants of good faith and fair dealing. The customer is seeking $150,000 in damages in the pending complaint.

In 2006 a customer alleged Michael Gimeli, while employed at Gunnallen Financial, executed unsuitable trades. The complaint settled in 2007 for $22,500.

If you or someone you know has a complaint regarding Michael Gimeli, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.