National investment loss lawyers KlaymanToskes is investigating broker Michael Buonanno of Cetera Advisor Networks (CRD #2823332).
According to his FINRA BrokerCheck report, broker Michael Buonanno of Cetera Advisor Networks is currently facing an investor complaint alleging that he recommended unsuitable investments in a variable annuity and a real estate investment trust (REIT), resulting in alleged damages of $1,000,000.
Investors that suffered losses with broker Michael Buonanno are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Michael Buonanno, a financial advisor from East Northport, New York, is currently facing a complaint from an investor. The complaint alleges that Buonanno recommended investments that were not suitable for the investor and caused significant financial losses of $1,000,000. These investments were allegedly in a variable annuity and a real estate investment trust (REIT).
According to the Financial Industry Regulatory Authority (FINRA), Buonanno is working as a broker with Cetera Advisor Networks. Before that, he worked with North Ridge Securities Corporation from 2007 to 2019, with AXA Advisors from 1996 to 2007, and with the Equitable Life Assurance Society of the United States from 1996 to 2000.
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 Buonanno. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
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 Buonanno, or have concerns regarding your investment portfolio at Cetera Advisor Networks, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.