Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that New York-based Four Points Capital broker Michael Martino has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Martino (CRD# 2579146).
Michael Martino has spent 21 years in the securities industry and has been registered with Four Points Capital in New York, New York since 2001. Previous registrations include Wedbush Securities in Tarrytown, New York; Brookstreet Securities Corporation in White Plains, New York; Emerson Bennett & Associates, which has since been expelled by FINRA, in Fort Lauderdale, New York; SG Martin Securities in Jericho, New York; Fin-Atlantic Securities in Jupiter, Florida; VTR Capital, which has since been expelled by FINRA, in New York, New York; and Monroe Parker Securities, which has since been expelled by FINRA, in Purchase, New York. He is a registered broker with 47 US states and territories.
According to his BrokerCheck report, Michael Martino has received two customer complaints and one regulatory sanction.
In 2014, a customer alleged Michael Martino, while employed at Four Points Capital Partners, recommended unsuitable investments and an unsuitable investment strategy. The complaint settled for $14,500.
In 2001, the Utah Division of Securities sanctioned Michael Martino following allegations he failed to respond to a request for information. His registration was revoked.
In 2000, Michael Martino voluntarily resigned from SG Martin Securities following allegations he “was acting in concert with other representatives to systematically divert the firm’s customers away from the firm while still employed.”
FINRA Rule 3110(a)(2) requires broker-dealer firms to assign “an appropriately registered principal(s)” to perform supervisory duties for every type of business the firm conducts. Principals are required to ensure the compliance of individual representatives as well as the firm as a whole. Relevant issues include the representatives’ character and qualifications, outside employment, and regulation of business transactions. Representatives may not engage in outside business activities or securities transactions without providing written notice to their supervising principals. Principals who fail in their supervisory duties may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Michael Martino, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid 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.