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Michael Destro: Received Seven Customer Complaints

Michael Destro Public records provided by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that California-based Foothill Securities broker/adviser Michael Destro has received several customer complaints. The securities and investment fraud law firm Fitapelli Kurta s interested in hearing from investors who have complaints regarding Mr. Destro (CRD# 712893).

Michael Destro has spent 35 years in the securities and has been registered with Foothill Securities, which recent reports say is to be acquired by Securities America, in Los Gatos, California since 1994. Previous registrations include Soares Financial Group; Certified Equities; Prudential-Bache Securities; and Waddell & Reed. He is a registered broker and investment adviser with eight US states and territories: Alabama, Arizona, California, Florida, Illinois, Massachusetts, Nevada, and New York.

According to his BrokerCheck report, Michael Destro has received seven customer complaints.

In 2013 a customer alleged Michael Destro, while employed at Foothill Securities, recommended an unsuitable investment in a Redwood Mortgage VIII limited partnership. The complaint settled for $35,000.

In 1993 a customer alleged, while employed at Prudential Securities, he engaged in unspecified misconduct related to limited partnerships. The complaint settled for $60,000.

In 1993 a customer alleged Michael Destro, while employed at Prudential Securities, engaged in unspecified misconduct related to limited partnerships. The complaint settled for $14,978.

In 1993 a customer alleged, while employed at Prudential Securities, he engaged in unspecified misconduct related to limited partnerships. The complaint settled for $14,299.

In 1993 a customer alleged Michael Destro, while employed at Prudential Securities, engaged in unspecified misconduct related to limited partnerships. The complaint settled for $47,603.

In 1993 a customer alleged, while employed at Prudential Securities, he engaged in unspecified misconduct related to limited partnerships. The complaint settled for $15,638.

In 1993 a customer alleged Michael Destro, while employed at Certified Equities, made unsuitable recommendations, acted negligently, misrepresented material facts, and breached his fiduciary duty. The complaint settled in 1994 for more than $204,400.

If you have complaints regarding Michael Destro, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover 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.