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Michael Carrano Allgedly Made Misrepresentations

Michael Carrano (CRD #: 4670490), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on April 17, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On December 8, 2023, an investor alleged that Michael Carrano made misrepresentations from 2018 through 2023. The investor sought $50,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. 

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information 

Michael Carrano has passed the following exams:

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination

He is a registered broker in 20 states and is a registered investment adviser in California and Texas. 

During his 20 years of experience, Michael Carrano has registered with two firms: Merrill Lynch, Pierce, Fenner & Smith, and Edward Jones (CRD #: 250). 

Kurta Law Can Help 

If you have worked with Michael Carrano and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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