Joseph Badolato Allegedly Misrepresented CD

Joseph Badolato (CRD #: 4769496), a broker registered with Key Investment Services, allegedly misrepresented a certificate of deposit, according to his BrokerCheck record, accessed on February 22, 2023. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On December 28, 2022, an investor filed an arbitration alleging that Joseph Badolato misrepresented a structured certificate of deposit purchased by the client in March 2021. The client seeks $82,000 in this pending arbitration.

On October 13, 2017, several investors filed a dispute alleging that Joseph Badolato misled them with regard to a Puerto Rico municipal bond investment purchased in February 2011. The clients further alleged that their investment had lost value. They sought $108,982.29 in damages but the dispute was denied by the firm.

Investors should know, however, that firms can deny disputes without an external review. Investors may be able to recover their losses after a denial by seeking out FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deception, manipulation, and other unethical means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s requirements, risks, or fees.

Background Information

Joseph Badolato has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Joseph Badolato is a registered broker in 32 states and the District of Columbia. He is also a registered investment adviser in New York.

He has also worked for Citizens Securities (CRD#:39550) and AXA Advisors (CRD#:6627).

Kurta Law Can Help

If you worked with Joseph Badolato 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.