Cetera Advisor Networks LLC broker Michael Buonanno (CRD# 2823332) is accused of unsuitable investment recommendations. He has been registered with Cetera Wealth Services, LLC in East Northport, New York, since 2019. He was registered with Cetera Advisor Networks LLC in El Segundo, California, from March to December 2021, and North Ridge Securities Corp. in East Northport, New York, from 2007 to 2019.
Michael Buonanno Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2024. “Claimant alleges they were recommended unsuitable investments.” The customer sought $1,000,000 in damages, and the case was settled for $140,000. The complaint took place while he was registered with Cetera Advisor Networks LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Advisor Networks LLC may be liable for investment or other losses suffered by Michael Buonanno’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses due to unsuitable investment recommendations, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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