Last Updated: July 2025 — Melville, NY
Here’s what you need to know about Melville, NY stockbroker Michael Robert Dandrea:
- Name: Michael Robert Dandrea
- CRD Number: 5919930
- Current Employers: Arete Wealth Advisors, LLC; Arete Wealth Management, LLC
- Prior Employers: Sovereign Global Advisors, LLC; National Asset Management, Inc.; National Securities Corporation; Trident Partners Ltd.
- Function: Stockbroker / Financial Advisor
- Primary Location: Melville, NY
- Other Business Affiliations: Fincadia Wealth Management , Saranac Tax Services, Saranac Wealth, Saranac Advisors
- Can Michael Dandrea be sued in FINRA arbitration? Yes
- Pending Customer Dispute Seeks Damages of: $100,000
If you’ve sustained damages from Mr. Dandrea, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Robert Dandrea As Your Stockbroker?
In a pending dispute filed in September 2023, a customer of Sovereign Global Advisors, LLC alleged that Michael Robert Dandrea engaged in breach of contract, breach of fiduciary duty, churning, fraud, negligence, unauthorized and unsuitable trading. The complaint seeks damages of $100,000 and remains pending.
Other Cases Involving Unauthorized Trading
Allegations of Broker Misconduct Against Michael Robert Dandrea
- Breach of Contract
- Breach of Fiduciary Duty
- Churning
- Fraud and Negligence
- Unauthorized Trading.
- Unsuitable Trading
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Arete Wealth Management and Arete Wealth Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Michael Robert Dandrea, 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.