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Michael Coraggio Has Customer Complaints

Michael CoraggioNew York-based Janney Montgomery Scott broker/adviser Michael Corragio is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Coraggio (CRD# 4684084).

Michael Coraggio has spent twelve years in the securities industry and has been registered with Janney Montgomery Scott in New York, New York since 2014. Previous registrations include BB&T Securities in Hasbrouck Heights, New Jersey (2012-2014); Scott & Stringfellow in Hasbrouck Heights, New Jersey (2006-2013); Bergen Capital in Hasbrouck Heights, New Jersey (2004-2006); and the GMS Group in Livingston, New Jersey (2003-2004). He is a registered broker with twelve US states and territories: California, Connecticut, Florida, Illinois, Massachusetts, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Texas, and Virginia.

According to his BrokerCheck report, Michael Coraggio is the subject of two customer complaints and and five closed, denied, or withdrawn customer complaints.

In January 2016 a customer alleged Michael Coraggio, while employed at Janney Montgomery Scott, executed an unauthorized trade and misrepresented a security. The customer sought unspecified damages in the complaint, which was denied.

In 2013 a customer alleged Michael Coraggio, while registered with Scott & Stringfellow, recommended bond purchases that became unsuitable. The complaint settled for $55,000, to which Mr. Coraggio individually contributed $55,000.

In 2013 a customer alleged Michael Coraggio, while employed at BB&T Securities, failed to timely follow instructions. The customer sought damages exceeding $7,000 in the complaint, which was closed.

In 2010 a customer alleged Michael Coraggio, while employed at Scott & Stringfellow, recommended unsuitable investments. The complaint settled for $5,000.

If you have lost money investing with Michael Coraggio, 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, which means we only get paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

 

This information is based on publically available documents provided by FINRA on March 11, 2016.