Erez Law is currently investigating Sky Alpha Asset Advisors LLC broker Michael Shatsky (CRD# 2430683) regarding options losses. He has been an investment adviser representative with Sky Alpha Asset Advisors LLC in Boca Raton, Florida, since 2018. He was registered with Oppenheimer & Co. Inc. in Boca Raton, Florida, from 2017 to 2018, and Morgan Stanley in Boca Raton, Florida, from 2009 to 2017.
Michael Shatsky Customer Complaints
He has been the subject of six customer complaints between 1999 and 2024, one of which was denied, one withdrawn, and one closed without action, according to his CRD report:
June 2024. “Claimants allege that IAR did not accurately represent all material facts about their investment account and did not reasonably manage the account in 2020 and 2021.” The customer is seeking $788,000 in damages, and the case is currently pending. The complaint took place while he was registered with Sky Alpha Asset Advisors. The complaint was regarding options losses.
June 2022. “Clients alleged that they experienced damages by the breach of fiduciary duty, intentional and negligent misrepresentations, and gross mismanagement of an options trading strategy implemented by Mr. Shatsky from 2017 to 2021. Claims were settled to avoid further litigation.” The customer sought $1,700,000 in damages, and the case was settled for $310,000. The complaint took place while he was registered with Sky Alpha Asset Advisors. The complaint was regarding options losses.
April 2019. “Client alleged that Mr. Shatsky mismanaged and misrepresented a particular options trading strategy that was being conducted on the client’s account. The claim was settled to avoid further litigation costs.” The customer is seeking $70,000 in damages, and the case is currently pending. The complaint took place while he was registered with Sky Alpha Asset Advisors. The complaint was regarding options losses.
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, Sky Alpha Asset Advisors LLC may be liable for investment or other losses suffered by Michael Shatsky’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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