Michael Vincent Restagno (CRD #5532695) Has Customer Dispute Disclosures on FINRA BrokerCheck

Michael Vincent Restagno (CRD #5532695) is a broker with customer dispute disclosures on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 27, 2026. It reflects four customer dispute disclosures. If you invested with Michael Restagno and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Michael Restagno’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Two examples are below. Two additional customer dispute disclosures remain.

On February 26, 2026, a client filed a complaint with FINRA and alleged an unsuitable investment. Michael Restagno’s FINRA BrokerCheck Report lists the product as equity listed and private equity. It lists alleged damages of $50,000. Michael Restagno’s FINRA BrokerCheck Report shows the complaint was denied on March 24, 2026.

On July 29, 2022, a claimant alleged unsuitable investments, unauthorized trading, breach of fiduciary duty, and negligence. Michael Restagno’s FINRA BrokerCheck Report states the matter settled on June 21, 2023. The settlement amount was $92,500. Michael Restagno’s FINRA BrokerCheck Report states that he did not contribute to the settlement.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. The recommendation should fit the customer’s investment profile, including risk tolerance, time horizon, and liquidity needs.

Rule Summary #2: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 limits discretionary trading in customer accounts. A broker generally needs written authorization from the customer and firm approval before using discretion.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Michael Restagno:

Is currently registered with Dominari Securities LLC.

Has passed the Securities Industry Essentials (SIE) exam. Michael Restagno has passed the Series 7 exam. He has also passed the Series 63 exam.

Was previously registered with firms that include Aegis Capital Corp. and National Securities Corporation.

Kurta Law Can Help

If you worked with Michael Restagno, Kurta Law may help. The firm can evaluate your legal options. A securities attorney can assess possible causes of action. Counsel can also review whether losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | What Is Securities Fraud?

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. A lawyer can review the facts and explain possible next steps.