Can you recover losses due to investments with Raymond James & Associates, Inc. broker Michael Montalvo (CRD# 4549103)? He has been registered with Raymond James & Associates, Inc. in Orlando, Florida, from 2020 to 2025, when he was terminated regarding, “Individual alleged to have engaged in conduct inconsistent with firm policies on borrowing from clients. He was previously registered with Cetera Investment Services LLC in Orlando, Florida, from 2019 to 2020.
In May 2026, FINRA suspended him indefinitely after he failed to respond to FINRA requests for information.
Michael Montalvo Customer Complaints
He has been the subject of two customer complaints, according to his CRD report:
December 2025. “Client alleged Financial Advisor took an undisclosed loan and failed to repay. Allegation Activity Date: 05/02/2024 – 12/11/2025.” The customer is seeking $189,500 in damages, and the case is currently pending.
June 2025. “Client alleged Financial Advisor took an undisclosed loan and failed to repay. Allegation Activity Date: 10/31/2024.” The customer sought $30,000 in damages, and the case was settled for $32,169.04.
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, Raymond James & Associates, Inc. may be liable for investment or other losses suffered by Michael Montalvo’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, 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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