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Broker Michael Corrada: Investor Losses Investigation

If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*

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Updated on: November 7, 2023

National investment loss lawyers KlaymanToskes is investigating broker Michael Corrada (CRD# 709158) of Coastal Equities, Inc. and Center Street Securities, Inc. after two customer complaints alleging $200,000 in collective investor damages were filed with the Financial Industry Regulatory Authority (“FINRA”). The claims allege that Corrada made unsuitable recommendations to invest in Alternative Investments. 

According to FINRA BrokerCheck, Michael Wayne Corrada was previously registered as a broker with Center Street Securities, Inc. from 2019 to 2020 in Richmond, VA. Corrada was also previously registered as a broker with Coastal Equities, Inc. from 2015 to 2019 in Wilmington, DE. 

Investors that suffered losses with broker Michael Corrada are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

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Current Investigations About Broker Michael Corrada That You Should Know as an Investor:

KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.

The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Michael Corrada:

If you suffered losses with broker Michael Corrada at Coastal Equities, Inc. and/or Center Street Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.

The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.

*Exclusive of attorney’s fees and costs.

Signs Investors Should Look Out For About Their Brokerage Accounts:

As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Michael Corrada. These signs could potentially indicate misrepresentation, omission, negligence, or misconduct. Investors are encouraged to contact our firm immediately if you have experienced any of the following: 

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Michael Corrada, or have concerns regarding your investment portfolio at Coastal Equities, Inc. and/or Center Street Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.