Last Updated: July 2025 – Parsippany, NJ
Here’s what you need to know about Parsippany, NJ, stockbroker Michael Alan Citron:
- Name: Michael Alan Citron
- CRD Number: 1374797
- Current Employers: Vanderbilt Advisory Services & Vanderbilt Securities, LLC
- Primary Location: Parsippany, NJ
- Function: Stockbroker / Financial Advisor
- Previously Registered With: Raymond James Financial Services Advisors, Inc.; Raymond James Financial Services, Inc.; Stifel, Nicolaus & Company, Inc.; Citigroup Global Markets Inc.; A.G. Edwards & Sons, Inc.; Salomon Smith Barney Inc.; Halpert and Company, Inc.
- Can Michael Citron be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Discharged by a prior Employer: Yes
- Highest Award or Settlement: $197,000
If you’ve sustained damages from Mr. Citron, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Citron As Your Stockbroker?
Michael Citron was the subject of a customer dispute involving allegations that he improperly followed instructions from a client’s spouse to withdraw funds without proper authorization. The dispute arose while he was employed with Raymond James Financial Services, Inc. The case was settled for $197,000 in January 2024.
Mr. Citron was discharged by Raymond James Financial Services, Inc. in March 2024. The termination cited allegations that he failed to follow firm procedures regarding pre-approval for a loan from a family member who was also a client — a potential conflict of interest and violation of internal compliance rules that could implicate FINRA Rule 2010, which requires high standards of commercial honor and equitable principles of trade.
See FINRA Rule 3240 Borrowing From or Lending to Customers
Allegations of Broker Misconduct Against Michael Citron
- Improperly executed withdrawal of client funds based on unauthorized instructions
- Termination for alleged failure to follow firm procedures for pre-approval of a loan from a family-member client
Recover Your Investment Losses Now With Rex Securities Law
Our Investigations of other Vanderbilt Securities Brokers
If you have suffered investment losses in an account handled by Michael Alan Citron, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.