The securities attorneys at Halling & Cayo, S.C. are interested to talk to investors who may have claims related to the conduct of Michael Robert Dandrea (CRD# 5919930). Public records recently updated in late 2025 indicate significant new disclosure events that warrant close attention from his current and former clients.
Significant Red Flags: $1.44 Million Pending Dispute
According to his FINRA BrokerCheck report, Mr. Dandrea is the subject of a major pending arbitration filed in October 2025. The details of this disclosure include:
- Allegations: The claim involves allegations of excessive trading (commonly referred to as “churning”).
- Damages Requested: The customer is seeking $1,440,000.00 in compensatory damages.
- Product Type: The dispute relates to Equity Listed (Common & Preferred Stock).
- Status: This matter is currently pending under FINRA Docket/Case #25-02342.
Additionally, records show a previous written complaint from September 2023 involving allegations of breach of fiduciary duty, churning, fraud, and unsuitable trading. While that specific $100,000 claim was reported as “Closed-No Action” by the firm in August 2025, the emergence of a much larger, seven-figure arbitration just months later suggests a potential pattern of conduct that investors should not ignore.
Employment History and Current Registration
Mr. Dandrea is currently registered with Arete Wealth Management, LLC and Arete Wealth Advisors, LLC in Melville, NY. His prior long-term employment was with Sovereign Global Advisors, LLC (2016–2024), which is the firm listed in the most recent $1.44 million dispute.
Brokerage firms have a strict legal obligation to supervise their representatives. When a broker engages in “churning”—trading an account excessively to generate commissions rather than to benefit the client—the firm may be held liable for failing to implement adequate supervisory systems.
Do You Have a Claim?
If you were a client of Michael Robert Dandrea at Sovereign Global Advisors or Arete Wealth and noticed high trading activity or unexpected losses, you may have grounds for a FINRA arbitration claim.
The securities attorneys at Halling & Cayo, S.C. are interested to talk to investors who believe they may have been affected. We focus on recovering investment losses through the FINRA arbitration process, which is often faster and more efficient than traditional court litigation.
Contact us today for a confidential consultation to discuss your legal options.
Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.
He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.
Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.