INVESTORS: Calton & Associates broker Michael James Petyak is facing a pending customer dispute alleging a lack of diversification.
Michael James Petyak (CRD#: 2976602) is registered as a broker and investment adviser with Calton & Associates, where he’s been employed since 2017. Previously, Petyak was registered as a broker and investment adviser with Cambridge Investment Research.
Petyak has one disclosure on his BrokerCheck report.
April 2022 Customer Dispute
Allegations: Statement of Claim alleges an investment recommendation was made for the purpose of generating high commissions and fees and that Claimants were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio.
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