Michael Lavolpe Received a Regulatory Sanction

Michael LavolpePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on January 23, 2017 indicate that former New York-based Meyers Associates broker Michael Lavolpe has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lavolpe (CRD# 5054798).

Michael Lavolpe has spent eight years in the securities industry and was most recently registered with Meyers Associates in New York, New York (2006-2014). He has no previous registrations. He is currently not registered with any state or firm.

According to his BrokerCheck report, Michael Lavolpe has received one regulatory sanction, two customer complaints, and four pending customer complaints.

In July 2016 FINRA sanctioned him following allegations he “failed to respond to requests for documents and information sent by FINRA after it began an examination of Lavolpe in connection with, inter alia, Lavolpe’s allegedly unsuitable activity in a customer’s account.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.

In April 2016 a customer alleged Michael Lavolpe, while employed at Meyers Associates, recommended an unsuitable penny stock investment. The customer is seeking $306,703 in damages in the pending complaint.

In February 2016 a customer alleged Michael Lavolpe, while employed at Meyers Associates, made unsuitable recommendations and acted negligently. The customer is seeking $545,000 in damages in the pending complaint.

In 2016 a customer alleged he, while employed at Meyers Associates, made unsuitable investment recommendations. The customer is seeking $110,480 in damages in the pending complaint.

In 2015 a customer alleged he, while employed at Meyers Associates, breached his fiduciary duty, acted negligently, and omitted material facts. The complaint resulted in an award to the customer of $240,000.

In 2010 a customer alleged he, while employed at Meyers Associates, breached his fiduciary duty, churned investments, and failed to supervise. The complaint settled for $60,000.

If you or someone you know has complaints regarding Michael Lavolpe, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.