Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has formally opened an investigation into Michael Anthony Calabrese (CRD #4810340), a broker currently registered with LPL Financial LLC. This step reflects our ongoing commitment to investor protection and our use of insider knowledge acquired from decades of defending Wall Street institutions. If you invested with Michael Anthony Calabrese in California or elsewhere, and you have concerns about your portfolio or any advice you received, we strongly encourage you to review the details below and consider your recovery options.
We understand how stressful uncertainty about an advisor can be, especially when financial losses or overlooked tax implications come into play. Our firm brings a 98% success rate for investor claims, 95+ years of combined experience, and over $520 million recovered in securities matters—all backed by Top 2% peer-reviewed status (Martindale-Hubbell AV Preeminent), Super Lawyers recognition, and 5.0-star client reviews. Remember: No recovery, no fee.
Summary of BrokerCheck Findings for Michael Anthony Calabrese
Table of Contents
| Full Name | Michael Anthony Calabrese |
|---|---|
| CRD Number | 4810340 |
| Current Firm | LPL Financial LLC |
| Location | California (according to registrations) |
| Licenses | Series 7, Series 63, SIE |
| BrokerCheck Link | Review current records online |
According to our June 18, 2026 review of Michael Anthony Calabrese’s BrokerCheck report, there is one significant customer dispute disclosure.
Details of Customer Complaint Against Michael Anthony Calabrese
- Allegation Date: May 7, 2026
- Nature of Dispute: Failure to discuss capital gains taxes as part of the investment rationale
- Product Involved: Listed equity (common and preferred stock)
- Claimed Damages: Good-faith estimate above $5,000 (exact figure not disclosed)
- Firm Response: LPL Financial LLC denied the complaint on May 21, 2026
- Advisor Statement: Calabrese states that he discussed the trade, obtained client consent, and explained relevant factors
No regulatory actions, civil litigation, bankruptcy, or criminal disclosures are currently reported as of the latest BrokerCheck review. However, a single disclosure regarding failure to discuss material tax consequences is an important red flag, as it may signal gaps in investor communications or suitability analysis. Even isolated complaints require careful scrutiny, especially when investor losses or tax consequences are possible.
Why Tax Disclosure Matters for California Investors
California investors and others considering Michael Calabrese’s advisory services at LPL Financial LLC should understand why tax disclosure is critical under securities industry regulations:
- FINRA Rule 2111 (Suitability): Advisors must make only those recommendations that fit your investment profile. That profile includes tax status.
- FINRA Rule 2090 (Know Your Customer): Firms are required to know your essential facts, such as your tax profile and liquidity needs, especially when trades may generate tax liabilities.
Failure to address tax consequences may lead investors to approve trades that expose them to unexpected or avoidable losses. When complaints specify insufficient tax disclosure, it raises questions about the care, diligence, and suitability review performed by the broker—core duty areas regulated by industry rules.
Regulation Best Interest (Reg BI) and Its Impact
- Effective June 30, 2020, Reg BI raised the standard for all broker-dealers, including representatives of LPL Financial LLC.
- Disclosure Obligation: Brokers must disclose conflicts, fees, risks, and material facts about recommendations, including potential tax impacts when relevant.
- Care Obligation: All reasonably available options, risks, and costs should be considered so that the recommendation is in the investor’s best interest.
- Conflict of Interest Obligation: Firms must identify and mitigate incentives that could lead them to recommend products based on their own gain rather than the client’s needs.
- Compliance Obligation: Compliance systems must be designed to support recommendations that meet Reg BI requirements on a transaction-by-transaction basis.
By raising the conduct standard above the old suitability threshold, Reg BI requires brokers to focus more clearly on investors’ best interests and transparent disclosure. Investor complaints involving an alleged failure to disclose capital gains tax consequences may indicate possible shortcomings under these rules, regardless of whether the firm ultimately denied the claim.
Step-by-Step: How to Verify Michael Calabrese’s Background
We recommend that investors take an active approach:
- Visit BrokerCheck and search for “Michael Anthony Calabrese” or “CRD 4810340.” Review the disclosure information section carefully.
- Check the SEC’s EDGAR system for relevant filings or enforcement-related information. Searching by name may reveal additional public records.
- Review California and other state securities regulator websites for additional disclosures or license information.
- Search for recent news or reports using terms such as “Michael Calabrese LPL Financial California complaint.”
Investor vigilance is one layer of protection; experienced legal counsel is another.
Our Commitment: Your Recovery Is Our Priority
If you invested with Michael Anthony Calabrese of LPL Financial LLC—or if you are currently considering his services in California or any other state—know that our attorneys are prepared to fight for your recovery and answers. We leverage our extensive former defense experience to advocate for investors, identifying disclosure failures and other potential violations that may have contributed to losses.
Every investor deserves an advisor who puts their interests and full transparency first. Even a single customer complaint involving improper tax disclosure can raise serious concerns—concerns our firm is prepared to evaluate with skill and determination.
Get a Free, Confidential Case Review
If you have concerns about Michael Anthony Calabrese, his work through LPL Financial LLC, or losses relating to omitted tax disclosures or unsuitable recommendations, take the next step. Contact our attorneys now for a free consultation. There are no fees unless we recover funds for you and your family.
Call 1-888-885-7162 for a confidential and thorough review of your situation. Let us help you pursue recovery and the answers you deserve.
