National investment loss lawyers KlaymanToskes is investigating broker Michael Maniscalco of Charles Schwab & Co. (CRD #2994430).
According to FINRA BrokerCheck, broker Michael Maniscalco of Charles Schwab & Co. is currently facing an investor dispute alleging that he failed to follow investor instructions by keeping a substantial amount of cash uninvested or in cash equivalents instead of purchasing equities, leading to missed opportunities in the rising equity market.
Investors that suffered losses with broker Michael Maniscalco 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 Maniscalco, a broker registered with Charles Schwab & Co., is currently involved in an investor dispute. According to his BrokerCheck record, the dispute involves investors who allege that in early 2022, they hired Maniscalco to manage their accounts, seeking “growth”.
The investors allege that Maniscalco kept a significant amount of their money in cash or cash-like investments instead of purchasing equities. Because of this, the investors allege they missed out on making money from the rising market.
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 Maniscalco. 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 Maniscalco, or have concerns regarding your investment portfolio at Charles Schwab & Co., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.