Michel Palacci (CRD #4087073) Has 2 Disclosures on FINRA BrokerCheck

Michel Palacci (CRD #4087073) is currently registered with Investment Placement Group. We reviewed his BrokerCheck report on March 9, 2026. It reflects one customer dispute and one employment separation disclosure. If you invested with Michel Palacci and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Michel Palacci’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of that disclosure is below:

On January 28, 2026, Insigneo Securities LLC discharged Michel Palacci. Michel Palacci’s FINRA BrokerCheck Report says the firm stated he did not follow its policies and procedures for processing account-opening and ACAT transfer forms from his former firm to Insigneo. Palacci’s BrokerCheck statement says he joined Insigneo on October 23, 2025, worked to move more than 100 client accounts, and later remediated documentation after the firm said some materials did not meet its standards. He also states the firm told him on January 28, 2026, that he was being discharged over the account-opening and ACAT transfer process.

Investor Disputes / Customer Complaints

Michel Palacci’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On August 19, 2014, a customer alleged Michel Palacci exchanged British pounds into U.S. dollars without appropriate authority in connection with a November 29, 2013 transaction. Michel Palacci’s FINRA BrokerCheck Report lists the product type as miscellaneous and shows alleged damages as unspecified, with a recorded amount of $0. The matter was marked settled on September 12, 2014, with a settlement amount of $0. Palacci’s statement says the trade was cancelled at no loss to the firm or the client.

Rule Summary #1: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system that is reasonably designed to achieve compliance with securities laws and FINRA rules. Issues involving account-opening paperwork and ACAT transfers can raise questions about how a firm supervised those processes and the people handling them.

Rule Summary #2: FINRA Rule 4512 (Customer Account Information)

FINRA Rule 4512 requires firms to maintain key customer account information and to document account acceptance under firm procedures. Disputes over account forms, transfer paperwork, or account authority can raise questions about whether records were complete and handled the right way.

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, Michel Palacci:

Is currently registered with Investment Placement Group. BrokerCheck shows he has been registered with that firm since March 3, 2026.

Has passed the Securities Industry Essentials (SIE) exam. Michel Palacci has also passed Series 31, Series 7, and Series 63.

Was previously registered with firms that include Insigneo Securities, LLC, Bolton Global Capital, Morgan Stanley, and Citigroup Global Markets Inc.

Kurta Law Can Help

If you have worked with Michel Palacci and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unauthorized Trading | Securities Attorney

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. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.