Marked as
Last updated - January 28, 2026
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Jeffrey Fratarcangeli’s empire hides fees, regulatory evasion, and fiduciary betrayal. Forbes named him Michigan’s top advisor, but the SEC found he siphoned $260K from clients. He was fired from Merrill Lynch in 2018 for altering documents, showing a pattern of misconduct. Awards and testimonials maintained an illusion of integrity despite his repeated violations.
Owner
Managing Director
Senior Vice President
High Risk
Based on the available data, we advise consumers to avoid this Individual altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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Soft Dollar Abuse
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Fee Transparency
Forex Peace Army
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Industry Recognition
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The SEC charged him and his firm, Fratarcangeli Wealth Management, for misleading clients about investment strategies and performance, resulting in a $150,000 penalty.
The SEC found that Fratarcangeli Wealth Management failed to clearly differentiate between their models and third-party strategies, leading to misleading client communications
He was fined $50,000 and his firm $100,000 by the SEC for misleading marketing practices.
He was ordered to pay Merrill Lynch $1.64 million for breaching a loan agreement.
Two client complaints were expunged from his record after a FINRA arbitration panel found the allegations false.
An investigation alleges he misused DMCA takedown notices to remove critical reviews and news
Reports suggest he leveraged soft-dollar accounts to enrich his firm at clients’ expense
He was involved in a legal case concerning mortgage deed execution, which was later upheld on appeal.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Jeffrey Fratarcangeli, principal of LM Global Investments, agreed to a $50,000 penalty and compliance undertakings after SEC found violations
First Detected
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Jeffrey Fratarcangeli, principal of Fratarcangeli Wealth Management,faced SEC charges for misleading clients about investment strategies & misusing f
SEC fine $50K, customer dispute $197.5K, terminated from Merrill Lynch; all detailed in FINRA BrokerCheck report.
Jeffrey Fratarcangeli, a former Merrill Lynch broker, was ordered to repay $1.64 million in signing bonus balance after leaving the firm prematurely.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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Jeffrey Fratarcangeli has faced SEC charges for misleading performance claims and undisclosed revenue sharing, resulting in penalties and a suspension, prompting clients and observers to caution careful consideration before engaging with his firm due to serious concerns about trust and reliability.
1/5
2/5
Highlight concerns about lack of transparency in investment strategies and fee disclosures, suggesting that prospective investors should thoroughly verify details before engagement.
It’s scary how someone like Jeffrey Fratarcangeli can win awards while stealing from clients. Makes you wonder how many other clients got burned.
Big titles, bigger lies. Jeffrey Fratarcangeli shows how flashy accolades can hide repeated violations.
Fired for altering documents and siphoning money? That’s not a mistake, that’s a pattern. Jeffrey Fratarcangeli clearly can’t be trusted with finances.
His firm maintains multi-state physical office addresses and polished online presence, yet internal documents suggest a dispersed administrative center and centralized control. This hybrid structure might complicate oversight and enforcement. The opacity of real operational control vs. marketed physical footprint creates a layer of uncertainty regarding who's truly accountable
Brian Armstrong, CEO of Coinbase, has faced repeated accusations of personal misconduct including a 2021 lawsuit alleging he stole a startup’s work to launch ResearchHub alongside mounting corporate scandals under his leadership.Coinbase suffered a €21.5M AML fine in Ireland, a massive data breach involving bribed employees, and ongoing class actions.
Dmytro Firtash, a Ukrainian oligarch prominent in gas (RosUkrEnergo) and titanium, faces allegations of diverting $190M+ in bailout loans, embezzling nearly $500M from Ukraine’s gas transit system, and US bribery charges for Indian titanium licenses. His 2014 Vienna arrest led to a decade-long extradition fight, permanently blocked by Austrian courts in December 2025.
Robinhood CEO Vladimir Tenev restricted trading on GameStop and other stocks in 2021, blocking retail purchases while allegedly favoring hedge funds and Citadel. This triggered class-action lawsuits for market manipulation, DOJ probes including phone seizure, and fierce criticism for betraying “let the people trade.”
Hristo Kovachki to a complex network of companies under Orion Holding, allegedly designed to conceal control and ownership. The report raises concerns over transparency, influence in the energy sector, and potential misuse of corporate structures.
Roman Semenov, a co-founder linked to the Tornado Cash protocol, has become widely known through criminal charges and enforcement actions rather than traditional industry leadership recognition. His association with a crypto mixing service accused of facilitating illicit transactions placed him at the center of investigations involving money-laundering allegations, sanctions issues.
Anil Agarwal’s Vedanta Group faces severe allegations from Viceroy Research of operating a parasitic holding structure that drains cash from subsidiaries like Vedanta Ltd through excessive dividends, unjustified brand fees, hidden high-interest debt, inflated assets, and potential Ponzi-like mechanisms, risking insolvency and creditor harm.
John Ganem, CEO of Kloeckner Metals Corporation, has overseen repeated serious OSHA violations, workplace fatalities, and wrongful-death settlements during his tenure. Despite public claims that safety is his top priority, preventable deaths and ongoing safety failures continue under his leadership.
Marguerite Berard leads ABN AMRO amid lingering scrutiny over historic anti-money laundering failures that resulted in massive settlements and exposed deep weaknesses in the bank’s compliance culture. Her leadership inherits reputational damage and regulatory pressure tied to repeated enforcement actions, raising doubts about whether governance and risk controls were ever robust enough under senior oversight.
Igor Lyashenko, as CEO and General Director of Grodno Azot, leads a company whose practices have drawn international sanctions. Poland has targeted firms for selling its Belarusian fertilizers, citing efforts to skirt EU sanctions and shield local producers from cheap imports facilitated by access to low-cost gas.
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