WARNING! Investigation of MICHAEL LAVOLPE–New York, NY
Michael Lavolpe, formerly of Meyers Associates, Barred by FINRA
Have you lost money with financial advisor Michael Lavolpe of New York, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Michael S. Lavolpe. In July 2016, FINRA filed a complaint and sought to bar Lavolpe from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Lavolpe regarding allegations that he was fired by his brokerage firm, Meyers Associates, allegedly owing the firm over $37,000.
On December 6, 2016, FINRA barred him because he did not respond.
Michael Lavolpe was a financial advisor and registered representative of Meyers Associates from March 2006 to July 2014. He worked at a branch office in New York, New York. Lavolpe has been the subject of at least six customer complaints, alleging that he made unsuitable investment recommendations, that he churned or excessively traded accounts, and that he breached his fiduciary duties, according to BrokerCheck.
Brokerage firms like Meyers Associates have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Lavolpe, Michael FINRA Order
Click to view: Lavolpe, Michael FINRA Comp
Click to view: Lavolpe, Michael BrokerCheck 7.14.16
IF YOU LOST MONEY WITH MICHAEL LAVOLPE OR MEYERS ASSOCIATES, PLEASE CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.