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Investor Seeks Over $2.4 Million in Damages in Dispute with Michele Fane

Feb 10, 2023 Failure to Supervise

Michele Fane (CRD #: 858728), a broker registered with Cadaret, Grant, & Company, is named in a dispute alleging failure to supervise, according to her BrokerCheck record, accessed on February 1, 2023. If you have questions about her alleged conduct as a broker, read on.

Investor Dispute

On October 31, 2022, an investor named Michele Fane in a dispute alleging failure to supervise. The client seeks $2,453,936.28 in damages in this pending dispute.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems in order to detect and prevent violations of securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

Background Information

Michele Fane has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 57TO – Securities Trader Exam
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 55 – Limited Representative-Equity Trader Exam
  • Series 7 – General Securities Representative Examination
  • Series 4 – Registered Options Principal Examination
  • Series 24 – General Securities Principal Examination

Michele Fane is a registered broker in California, Pennsylvania, and Texas.

She is currently registered with the following firms:

  • Cadaret, Grant & Company
  • CUSO Financial Services
  • Next Financial Group
  • SCF Securities
  • Sorrento Pacific Financial
  • Western International Securities

In the past, she has worked for the following firms:

  • MyClearing.Com (CRD#:104161)
  • C. M. Blair, W. O. Foster & Company (CRD#:6501)
  • Morgan, Olmstead, Kennedy & Gardner (CRD#:595)     
  • Jeffries & Company (CRD#:2347)

Kurta Law Can Help

If you worked with Michele Fane and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and 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.