Sonn Law Group is investigating claims regarding Michael John Smeriglio III. (CRD #2499903, Old Greenwich, Connecticut). Smeriglio recently submitted an AWC in which he was barred from association with any FINRA member in any capacity. See FINRA Case #2014042110701. Smeriglio was associated with MetLife Securities, Inc., from October 2002 until July 2014. The Form U5 filed by MetLife Securities with FINRA to terminate Smerglio’s association states that Smeriglio voluntarily resigned “after admitting to taking loans from a customer account.”
FINRA found that Smeriglio failed to provide FINRA-requested documents and information pertaining to an investigation into allegations that he converted customer funds from a customer’s estate and trust. Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, MetLife Securities may be liable for investment or other losses suffered by Smeriglio’s customers.
If you were a client of Smeriglio or MetLife Securities, Inc., and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our “contact form.”