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Michael Restagno Facing Unsuitable Investment Allegations

Apr 6, 2022 Unsuitable Investments

Michael Restagno (CRD#: 5532695), a broker registered with Aegis Capital Corp, is facing allegations of unsuitable investment recommendations. This information is from Michael Restagno’s BrokerCheck record, accessed on March 26, 2022. You can find more information below about Michael Restagno’s conduct as a broker.

Investor Allegations

On February 9, 2022, an investor alleged that Michael Restagno invested their funds in risky, illiquid REITs. The investor is seeking $150,000; the dispute is pending.

What is a REIT?

A Real Estate Investment Trust (REIT) is a real estate investment that comprises a selection of income-producing real estate. These investments can be high-risk, especially if they are non-traded.

Background Information

Michael Restagno has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

Michael Restagno is registered as a broker in 11 states.

He has worked for the following firms:

  • National Securities Corporation (CRD #: 7569)

Kurta Law Can Help

If you worked with Michael Restagno and 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.