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Michael Battalini is Facing a Six-Figure Investor Dispute

Michael Battalini (CRD #: 3204878) is facing an investor dispute. This is according to his BrokerCheck record, accessed on October 20, 2023. There are other disclosures on his record, including another investor dispute and an employment separation. Keep reading for more details. 

Investor Disputes 

On August 30, 2023, an investor alleged that Michael Battalini recommended unsuitable investments. The investor is seeking $300,000. 

According to allegations filed on December 7, 2023, an investor alleged that Michael Battalini recommended unsuitable investments. The investor is seeking $433,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Employment Separation 

On April 17, 2023, World Capital Brokerage permitted Michael Battalini to resign following allegations that his registration form did not contain information about an investor dispute that had entered arbitration. 

Background Information 

Michael Battalini has passed the following exams: 

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

During his 14 years of experience, Michael Battalini has registered with the following firms: 

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

Kurta Law Can Help

If you worked with Michael Battalini and have concerns about your investments, please contact us today at 877-600-0098 or 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 that 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.