Michael Nigro (CRD #: 2097646), a broker registered with MML Investors, was named in an investor dispute involving allegations of misrepresentation, according to his BrokerCheck record, accessed on January 21, 2021. There are a few other disclosures on his record that investors should note.

On December 10, 2020, investors alleged that Michael Nigro misrepresented investment returns as guaranteed. They further alleged that Nigro made a poor recommendation to invest the majority of their retirement assets in a single mutual fund. The investors are seeking $226,000; the dispute is pending.

On June 16, 2019, an investor alleged that prior to purchasing funds Michael Nigro did not make her aware of how the funds operated, and therefore she was not aware of the potential for losses nor the charges associated with the funds. The dispute was denied by the firm, but disputes can be denied without entering into adjudication.

On January 6, 2012, an investor alleged that Michael Nigro never told him that the value of his REITS shares could drop below $10, or that their funds could be frozen. The dispute settled for $50,295.99.

Michael Nigro has passed the Series 66 Uniform Combined State Law Examination, the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 6 Investment Company Products/ Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. Nigro is registered as a broker in 17 states.

Michael Nigro has worked in the securities industry for 30 years. Aside from MML Investors, Nigro has only worked for one other firm:

  • The Dreyfus Service Corporation (CRD #: 231)

If Michael Nigro was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

Leave a Comment