Victim of Financial Fraud? Call Now
Home » Broker Blog » Michael Binstock Embroiled in a Six-Figure Investment Dispute

Michael Binstock Embroiled in a Six-Figure Investment Dispute

Michael Binstock (CRD #: 2728462), a broker registered with CreativeOne Securities, has a new investor dispute on his BrokerCheck record, accessed on June 23, 2022. This is the seventh disclosure on his account.

On April 8, 2022, an investor alleged that Michael Binstock lied to them about the income associated with financial products. The investor is seeking $212,000 in this pending dispute.

FINRA Rule 2020: Misrepresentation and Omissions

FINRA Rule 2020 prohibits brokers from omitting or misrepresenting material information about their investment, including projections of future income. It also prohibits the use of any deceptive or manipulative devices.

Regulatory Action

A regulatory action from 2012 alleges Michael Binstock violated FINRA Rule 2010 when he forged signatures and altered documents.

Background Information

Michael Binstock has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination
  • Series 6 Investment Company Products/Variable Contracts Representative Examination

He is a registered broker and investment adviser in Minnesota.

Michael Binstock has registered with the following firms:

  • Cambridge Investment Research Advisors (CRD #: 134139)
  • Cambridge Investment Research (CRD #: 39543)
  • Investment Advisors Corp (CRD #: 117531)
  • Broker Dealer Financial Services (CRD #: 8073)
  • Thrivent Investment Management (CRD #: 18387)

Kurta Law Can Help

If you worked with Michael Binstock 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. 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories