Articles Tagged with Michael August Pellegrino

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FINRA has suspended former stockbroker Michael August Pellegrino from the securities industry for two months. On January 26, 2021, Mr. Pellegrino and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) over allegations that Mr. Pellegrino distributed a retail communication to approximately 80 retail investors, promoting an investment in a “short-term, high yield contract” issued by a Florida LLC. The communication contained improper projections of future performance, misleading statements, and omitted material information, in violation of FINRA Rules. At the time, Mr. Pellegrino was registered with FINRA-member Taylor Capital Management Inc. (“TCM”).

In addition to imposing a two-month suspension, FINRA also fined Mr. Pellegrino $10,000.

If you have lost money with former stockbroker Michael August Pellegrino or TCM, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.

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