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Long Island broker Michael Resciniti suspended for unauthorized trading for 7 months

Michael Resciniti (Michael James Resciniti) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Investment Fraud Lawyers are currently investigating possible claims against stockbroker Michael Resciniti.

In December 2018 Michael Resciniti was suspended by FINRA until July 17, 2018 from practicing as a broker. Michael Resciniti worked for Spartan Capital Securities in Garden City, New York from 2016 to 2018.

Michael Resciniti was previously associated with First Standard Financial, Laidlaw and Company, Rockwell Global Capital, and many more in New York.

FINRA alleges that Michael Resciniti engaged in the following misconduct: he executed 31 unauthorized transactions in the accounts of two customers of his member firm..

Michael Resciniti is the subject of multiple pending customer disputes filed through FINRA. Customers allege that Resciniti engaged in churning, unauthorized and unsuitable trading.

Michael Resciniti has been the subject of at least 8 customer disputes.

If you invested money through Michael Resciniti, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.

Fishman Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Investment Fraud lawyer today.

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