Michael Marques DeOliveira (CRD #6516096) Has an Employment Separation Disclosure on FINRA BrokerCheck

Michael Marques DeOliveira (CRD #6516096) is a broker with an employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects one employment separation disclosure. If you invested with Michael DeOliveira and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Michael DeOliveira’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary is below:

Charles Schwab & Co., Inc. discharged Michael DeOliveira on January 28, 2026. Michael DeOliveira’s FINRA BrokerCheck Report states the firm said he transferred client funds without proper documentation and may have acted to manipulate compensation when a client was unenrolled and later reenrolled in a managed account.

Rule Summary #1: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)

FINRA Rule 2150 says a broker cannot make improper use of a customer’s funds. A disclosure about client fund transfers and missing documentation can raise concerns under that rule.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. Conduct tied to compensation or account handling can draw scrutiny under that standard.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

3. Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

4. Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Michael DeOliveira:

Is currently registered with Cetera Investment Services LLC.

Has passed the Securities Industry Essentials (SIE) exam. Michael DeOliveira has passed Series 7, Series 9, and Series 10. He has also passed Series 66 and Series 63.

Was previously registered with Charles Schwab & Co., Inc.

Kurta Law Can Help

If you have worked with Michael DeOliveira and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful Resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.