Last Updated: September 2025 — Garden City, NY
Here’s what you need to know about Garden City, NY stockbroker Michael Venturino
- Name: Michael Christopher Venturino.
- Current Employer: None—this broker is not currently registered with a FINRA-member firm.
- Prior Firms:
- Spartan Capital Securities, LLC (Garden City, NY) — 04/2018–02/2023
- Trident Partners Ltd. (Woodbury, NY) — 07/2017–04/2018
- Aegis Capital Corp. (Melville, NY) — 06/2014–07/2017
- Craig Scott Capital, LLC (Uniondale, NY) — 02/2012–07/2014
- Brookstone Securities, Inc. (Uniondale, NY) — 12/2010–02/2012.
- CRD number: 5872439.
- Stockbroker / Financial Advisor: Former FINRA-registered broker (passed SIE, Series 7, and Series 63); not currently registered.
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: Yes
- Discloses Outstanding Liens: Yes
- Highest Award of Settlement: $600,000
If you’ve sustained damages from Mr. Venturino, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Michael Venturino As Your Stockbroker?
- Regulatory Complaint & Hearing Decision (Aegis Capital Corp.) — Filed August 2022 (FINRA Dkt. 2021070337501). After hearing, on March 21, 2024 a FINRA Hearing Panel found that Venturino churned customer accounts and engaged in unsuitably excessive trading in willful violation of Exchange Act §10(b), Rule 10b-5, and FINRA Rules 2020 and 2010; the panel ordered a bar, $171,419 disgorgement (plus interest), and $14,578 costs. Panel findings described approximately $1,028,389 in cumulative customer losses and $518,313 in customer trading costs, while Venturino received more than $325,000 in commissions.
- Customer Arbitration (Aegis Capital & Spartan Capital) — Filed May 2020 (FINRA Case 20-01455), alleging breach of fiduciary duty, negligence, unsuitable investments, breach of contract, and churning from 2015 to present; Aegis settled for $235,000 (Sept. 2, 2021).
Additional resolved matters include multiple customer settlements—e.g., $600,000 (FINRA 21-00271, settled Sept. 16, 2022), $300,688 / $300,668 (FINRA 18-00408), $175,000 (FINRA 20-01730), $65,000 (FINRA 19-03834), $62,500(FINRA 19-03005), $40,000 (FINRA 22-00002), and $39,000 (FINRA 20-04146).
Allegations of Broker Misconduct Against Michael Christopher Venturino
- Unsuitability / Quantitatively Unsuitable Trading (Excessive Trading/Churning). FINRA’s decision found excessive trading with scienter; suitability principles often invoke FINRA Rule 2111 (Suitability) alongside Rule 2010.
- Fraud / Manipulative or Deceptive Devices. Panel cited violations of Exchange Act §10(b), Rule 10b-5, and FINRA Rule 2020.
- Unauthorized Trading. The decision references unauthorized transactions; unauthorized trading typically violates FINRA Rule 3260 (Discretionary Accounts) and Rule 2010.
- Breach of Fiduciary Duty / Best-Interest Failures. Multiple customer claims alleged breach of fiduciary duty and related conduct inconsistent with customers’ interests.
Other Cases Involving Unauthorized Trading
Additional Background Noted
- 2018 FINRA Suspension (Final). One-day suspension on July 17, 2018 for failure to comply with an arbitration award/settlement information request; suspension lifted July 18, 2018.
- Bankruptcy (Chapter 7). Filed January 2019; discharged April 10, 2019 (E.D.N.Y. Case No. 8-19-70079).
- Federal Tax Liens. $406,984 (filed Oct. 19, 2018, Suffolk County, NY; installment plan noted) and $3,874 (filed Mar. 31, 2020).
How Investors Describe the Harm
Customers have alleged that Mr. Venturino controlled trading, used short-term in-and-out strategies, generated high turnover rates and cost-to-equity ratios, and incurred high trading costs that made profitability unlikely.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
What To Do If You Suffered Similar Abuses
If your account reflected the same red flags—frequent trades, margin use, high commissions/markups, or unauthorized transactions—you may have a viable claim in FINRA arbitration. Time limits (eligibility and statutes of limitation) can be important, so prompt review is recommended.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Aegis Capital and Aegis Capital Brokers-Lawsuits, Arbitrations & Disputes
Other Investigations Involving Spartan Capital Securities Brokers
If you have suffered investment losses in an account handled by Michael Christopher Venturino, 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.