MICHAEL WILLIAM CECERE is currently employed as a Broker and/or Investment Adviser at CAPE SECURITIES INC. located at 755 Waverly Avenue, Suite 308, Holtsville, NY, 11742.
MICHAEL WILLIAM CECERE has worked at CAPE SECURITIES INC. since July 22, 2009
Disclosure History
MICHAEL WILLIAM CECERE has 4 Disclosure Event(s).
Date: April 11, 2011 Category: Customer Dispute Allegations: CLIENT ALLEGES CHURNING, OVER CONCENTRATION, EXCESSIVE AND UNSUITABLE TRADING AND USE OF MARGIN AND BREACH OF FIDUCIARY DUTIES. Damage Amount Requested: $58,000.00 Settlement Amount: $35,000.00 Broker Comment: RR WAS NOT A NAMED RESPONDENT IN THE ARBITRATION.
Date: May 21, 2009 Category: Customer Dispute Allegations: CLIENT ALLEGED FAILURE TO PLACE STOP ORDER 04/01/2009. Damage Amount Requested: $11,290.44
Date: May 15, 2009 Category: Employment Separation After Allegations Firm Name: FIRST MIDWEST SECURITIES, INC. Termination Type: Discharged Allegations: FAILURE TO TIMELY DISCLOSE PERTINENT INFORMATION ON U4. Broker Comment: DURING THE PROCESS OF REFINANCING, I WAS NOTIFIED THERE WERE FEDERAL TAX LIENS ON MY HOME. THE LIENS WERE FILED ON 01/12/2009. HOWEVER, I HAD NOT RECEIVED THE NOTICE DUE TO AN ADDRESS ERROR.
Date: November 17, 2008 Category: Customer Dispute Allegations: CLIENT'S ALLEGATIONS WERE NON-SPECIFIC RANGING FROM FAILURE TO FOLLOW INSTRUCTIONS, MARKET LOSSES, SUITABILITY AND UNAUTHORIZED TRADING. 4/08-11/08 Damage Amount Requested: $86,424.00 Settlement Amount: $15,000.00 Broker Comment: I DENY ALL ALLEGATIONS IN ITS ENTIRETY. CLIENT WAS AWARE AND AUTHORIZED EVERY TRADE. LOSSES IN THE ACCOUNT WERE DUE TO MARKET CONDITIONS. I SETTLED WITHOUT ADMISSION OF ANY LIABLITY OR WRONGDOING FOR $15000.00
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