Michael Battalini Resigns from World Capital Brokerage

Michael Battalini (CRD #: 3204878), a broker formerly registered with World Capital Brokerage, recently resigned from that firm, according to his BrokerCheck record, accessed on May 8, 2023. Read on if you want to know more about his alleged conduct as a broker.

Resignation from World Capital Brokerage

On April 17, 2023, Michael Battalini was permitted to resign from World Capital Brokerage after allegedly allowing the firm to file inaccurate Form U-4s (Uniform Application for Securities Industry Registration or Transfer) that did not contain information about an arbitration case.

FINRA Rule 1122

FINRA Rule 1122 requires brokers to keep their membership and registration documentation up-to-date and to correct any inaccuracies or misleading information in a timely manner.

Investor Dispute

On December 7, 2022, an investor alleged that Michael Battalini recommended unsuitable investments. The client seeks $433,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their tax status, risk tolerance, and age.

Investors who rely on brokers for investment recommendations can seek out FINRA arbitration and potentially recover their losses.

Background Information

Michael Battalini has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 31 – Futures Managed Funds Examination

He previously worked for the following firms:

• World Capital Brokerage (CRD#:37)
• Coastal Equities (CRD#:23769)
• Prospera Financial Services (CRD#:10740)     
• Ferris, Baker Watts (CRD#:285)
• Advest (CRD#:10)
• Morgan Stanley DW (CRD#:7556)
• Hefren-Tillotson (CRD#:53)

Kurta Law Can Help

If you worked with Michael Battalini 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.