Stoltmann Law Offices is investigating Michael Molinaro, a registered broker with Network 1 Financial Services in Syosset, New York. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Molinaro was accused of failing to supervise a representative, and failing to enforce a reasonable supervisory system with respect to private placements at Charles Vista LLC, where he served as President and Chief Compliance Officer. These are against securities rules and regulations.
Molinaro was registered with the following firms: GKN Securities Corp in New York, New York from April 1996 until December 1998, Ladenburg Capital Management in Bethpage, New York from December 1998 until November 2002, S.W. Bach & Co. in Port Washington, New York from December 2003 until August 2004, Maxim Group in Woodbury, New York from August 2004 until November 2006, Charles Vista in Staten Island, New York from February 2009 until February 2009, John Thomas Financial in New York, New York from December 2006 until March 2009, Charles Vista in New York from March 2009 until September 2012, E.J. Stering in New York, New York from September 2012 until June 2013 and Columbus Advisory Group in New York, New York from October 2013 until February 2014. He is currently registered with Network 1 Financial Securities in Great Neck, New York. He has two customer disputes against him.
If you invested money with Michael Molinaro, please call our securities law firm at 312-332-4200 to speak to an attorney. You may be able to bring a claim against his firm, Network 1 for failing to properly supervise him. The call is free with no obligation. We take cases on a contingency fee basis only.
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