Investors Seek Over $2 Million in Disputes with Joseph Amato

Joseph Amato (CRD #: 2751635), a broker registered with Alexander Capital, is involved in several pending investor disputes, according to his BrokerCheck record, accessed on September 7, 2025. Investors may have also worked with him through Alexander Capital Wealth Management. If you have questions about Joseph Amato’s alleged conduct as a broker, read on.

Allegations of Failure to Supervise

On July 14, 2025, an investor named Joseph Amato in allegations of negligent failure to supervise and violations of Georgia state laws. This dispute is currently pending.

In a dispute filed on June 10, 2025, an investor named Joseph Amato in allegations of failure to supervise, negligence and gross negligence, and violation of FINRA Rules, federal securities laws, and Regulation Best Interest in December 2018 and May 2019. The client seeks $499,000.99 in this pending dispute.

On October 17, 2024, an investor alleged that Joseph Amato engaged in negligence, fraudulent inducement, and breach of contract, and violated FINRA Rule 2010. They seek $1.694 million in damages.

A pending dispute filed on May 4, 2022, named Joseph Amato in allegations of fraud, breach of contract, conversion, civil conspiracy, and violation of the Investment Advisers Act of 1940 from approximately September 2017 through 2018.

FINRA Rule 3110

FINRA Rule 3110 requires firms to create and maintain supervisory systems to ensure compliance with FINRA regulations and prevent broker fraud. This includes ensuring that supervisors have the proper training or experience for their role.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

Background Information

Joseph Amato has passed the following exams:

• Compliance Officer Examination – Series 14
• Registered Options Principal Examination – Series 4
• General Securities Principal Examination – Series 24
• General Securities Sales Supervisor – General Module Examination – Series 10
• General Securities Sales Supervisor – Options Module Examination – Series 9
• Operations Professional Examination – Series 99TO
• Investment Banking Registered Representative Examination – Series 79TO
• Securities Industry Essentials Examination – SIE
• Futures Managed Funds Examination – Series 31
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Joseph Amato is a registered broker in nine states and a registered investment adviser in New York.

In the past, he has worked for the following firms:

• Network 1 Financial Securities (CRD#:13577)
• Alexander Capital (CRD#:40077)
• Legend Securities (CRD#:44952)
• Gunnallen Financial (CRD#:17609)
• Raymond James Financial Services (CRD#:6694)
• Prudential Securities (CRD#:7471)
• Dean Witter Reynolds (CRD#:7556)

Kurta Law Can Help

If you worked with Joseph Amato and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.