Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 7, 2019 indicate that New Jersey-based Merrill Lynch broker/adviser Michael Greenstone has received several customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Greenstone (CRD# 709165).
Michael Greenstone has spent 38 years in the securities industry and has been registered with Merrill Lynch in Glen Rock, New Jersey and Palm Beach, Florida since March 2017. Previous registrations include Morgan Stanley in Palm Beach, Florida (2009-2017); Morgan Stanley & Company in Ridgewood, New Jersey (2009); UBS Financial Services in Paramus, New Jersey (1992-2009); Prudential Securities in New York, New York (1990-1992); Smith Barney Harris Upham & Company in New York, New York (1989-1990); Drexel Burnham & Lambert (1984-1989); and Riviere Securities Corporation (1980-1984). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 25, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 4, 1980; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which he obtained on January 28, 1998; Series 7 (General Securities Representative Examination), which he obtained on May 17, 1980; and Series 24 (General Securities Principal Examination), which he obtained on June 1, 1983. He is a registered broker and investment adviser with 17 US states and territories: Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, and Virginia.
According to his BrokerCheck report, he has received six customer complaints.
In 2009 a customer alleged Michael Greenstone, while employed at UBS Financial Services, failed to disclose material facts regarding the tax consequences of removing an investment from an IRA. The complaint settled in 2011 for $5,000.
In 1999 a customer alleged Michael Greenstone, while employed at Painewebber, executed excessive and unsuitable transactions. The complaint settled for $106,000.
In 1998 a customer alleged Michael Greenstone made unsuitable and excessive trades. The complaint settled for $30,000.
In 1998 a customer alleged he, while employed at Prudential Securities, executed excessive trades, made unsuitable investment recommendations, and failed to safeguard their assets. The complaint settled for $30,000.
In 1997 a customer alleged he, while employed at Prudential Securities, made unsuitable recommendations, executed excessive trades, misrepresented material facts, and allowed a power of attorney to make improper withdrawals. The complaint settled for $20,000.
In 1996 a customer alleged he, while employed at Prudential Securities, made unsuitable recommendations, breached his fiduciary duty, breached contract, and omitted material facts. The complaint settled for $52,000.
If you or someone you know has lost money investing with Michael Greenstone, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.