Michael Martino, Broker with Four Points Capital Partners, Facing Multiple Customer Disputes Alleging Unsuitable Investment Recommendations

Martino has three pending customer disputes seeking over $800K in combined damages.

The Sonn Law Group is investigating allegations that Michael Martino committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Michael Martino (CRD#: 2579146) is currently registered as a broker with Four Points Capital Partners, where he has been employed since 2011. Martino has previously been registered with Emerson Bennett & Associates, VTR Capital, Inc., and Monroe Parker Securities, Inc., all of which have since been expelled by FINRA.

Martino has eight disclosures on his BrokerCheck report.

June 2020 Customer Dispute

• Status: Pending
• Allegations: Allege that between 2014-2017, reps provided unsuitable recommendations with unsuitable  concentrations, with unreasonable commissions and failure to know their customer.
• Damage Amount Requested: $543,163.00
• Broker Comment: Feel that this allegation is baseless.

February 2020 Customer Dispute

• Status: Pending
• Allegations: Mismanagement of accounts between 2011 and  2017
• Damage Amount Requested: $107,038.00
• Broker Comment: This was not my account. Will proceed to have it expunged from my record.

January 2020 Customer Dispute

• Status: Pending
• Allegations: Customer alleges that between 2016 and 2019 rep provided poor advice on prospective trades in which customer lost funds.
• Damage Amount Requested: $200,000.00
• Broker Comment: Account was a legacy account from a previous representative no longer with firm. Representative denies any and all wrongdoing in connection with the allegation.

June 2017 Customer Dispute

• Status: Denied
• Allegations: Inappropriate trades and trades not in the best interest of the customer.
• Damage Amount Requested: $49,329.60
• Broker Comment: Inherited an account from a registered representative that left the Firm that declined in value. I was not the broker of record during the period of the alleged wrongdoing. I deny all allegations as to me.

January 2014 Customer Dispute

• Status: Settled
• Allegations: Alleged unsuitable investments and investment strategy
• Damage Amount Requested: $100,000.00
• Settlement Amount: $14,500.00
• Broker Comment: The complaint is completely lacking merit, the matter was settled to avoid incurring attorneys fees.

June 2001 Regulatory Judgment

• Status: Final
• Initiated By: Utah Division of Securities
• Allegations: Failure to respond to division’s request for information.
• Resolution: Order
• Sanctions: Revocation/Expulsion/Denial
• Sanction Details: Respondent held in default for failure to respond to Divison’s petition for order revoking license.
• Broker Comment: Previous firm failed to notify or  assist me in this matter. The State of Utah revoked my registration for lack of response.

July 2018 Customer Dispute

• Status: Settled
• Allegations: Unsuitability for loss in account 2013-2015
• Damage Amount Requested: $5,000.00
• Settlement Amount: $15,000.00

May 2000 Employment Separation After Allegations

• Firm Name: S G Martin Securities
• Termination Type: Voluntary resignation
• Allegations: Firm alleges Martino was planning on leaving the firm and when they looked for his customer books they were no longer on the premises. Firm alleges Martino also took a customer book that  belonged to a broker who is still employed at the firm. The firm further alleges Martino was acting in concert with other representatives to systematically divert the firm’s customers away from the firm while still employed by the firm.
• Broker Comment: Michael vehemently denies any and all allegations, which are intended to defame, disparage and liable Michael Martino.

January 1998 Customer Dispute

• Status: Settled
• Allegations: Fraud & misrepresentation
• Damage Amount Requested: $234,971.50
• Settlement Amount: $30,000.00
• Broker Comment: Settlement in the amount of $30,000.00 Michael Martino denies all allegations. No money for damages contributes. 

Contact Us Today

The Sonn Law Group is currently investigating allegations that Michael Martino recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.