Michael Lavolpe— Unsuitable Activity in a Customer’s Account

investment fraud attorney ClevelandMichael Lavolpe Allegedly Engaged in Unsuitable Activity in a Customer’s Account

Michael Lavolpe allegedly engaged in unsuitable activity in a customer’s account, according to a recent Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Michael Lavolpe, who allegedly is facing 6 other customer disputes of which 5 allege unsuitability, was reportedly terminated by his former firm, Myers Associates, on July 29, 2014, FINRA records report. Said records all state that Myers Associates claim that Lavolpe allegedly left the firm owing in excess of $37,000.

The Peiffer Rosca Wolf securities lawyers are currently investigating Michael Lavolpe’s alleged participation in unsuitable activity in a customer’s account.

Michael Lavolpe Allegedly Failed to Respond to Requests for Documents and Information during the Course of a FINRA Investigation into Lavolpe’s Alleged Unsuitable Activity in a Customer’s Account

Michael Lavolpe allegedly received requests from FINRA for information regarding a case wherein a customer alleged that Lavolpe engaged in churning, failure to supervise, negligence and breach of fiduciary duty, according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

Michael Lavolpe, after receiving several requests via Certified Mail and USPS allegedly failed to respond to FINRA Staff’s first and second letter requests, said Complaint notes. Lavolpe, as a result, allegedly violated FINRA Rules, said Complaint reports.

FINRA records also report that in the pending cases against Lavolpe, one Meyers Associates customer alleges damages of $308,703 for unsuitable investments in penny stocks, and in another a customer alleges damages of $545,000 for unsuitable investments in private placements.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable broker activity, and are currently investigating Michael Lavolpe’s alleged unsuitable activity in customer’s accounts. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Michael Lavolpe’s alleged unsuitable activity in customer’s accounts are encouraged to contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.