Michael Iannorino, formerly with Stifel Nicolaus, Barred by FINRA
Have you lost money with financial advisor Michael Iannorino? We are looking into allegations made about Michael J. Iannorino from Columbus, Ohio. FINRA (the Financial Industry Regulatory Authority) barred Iannorino from the securities industry. FINRA alleged that Iannorino has failed to respond to its investigation regarding allegations that he sold promissory notes to customers.
Michael Iannorino was a financial advisor and registered representative of Stifel Nicolaus from August 2018 to October 2018. He also was affiliated with Private Client Services from December 2015 to October 2016. He worked in a branch office in Columbus, Ohio.
Brokerage firms like Stifel Nicolaus and Private Client Services 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; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Ohio. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Stifel Nicolaus.