Erez Law is currently investigating former National Securities Corporation broker Michael Restagno (CRD# 5532695) regarding real estate investment trust (REIT) losses. He has been registered with Aegis Capital Corp. in Garden City, New York since 2017. Previously, he was registered with National Securities Corporation in Mineola, New York from 2008 to 2017.
Michael Restagno Customer Complaints
He has been the subject of two customer complaints in 2022, according to his CRD report:
March 2022. “Time Frame: 2017 to present. Claimants allege unsuitable, excessive and unauthorized trading; breach of fiduciary duty; negligence; misrepresentation and omissions of material facts.” The customer is seeking $95,000 in damages and the case is currently pending. The complaint was regarding common and preferred stocks and took place while he was registered with Aegis Capital Corp.
February 2022. “Claimants alleges RR invested client funds in risky illiquid REITs.” The customer is seeking $150,000 in damages and the case is currently pending. The complaint was regarding real estate security losses and took place while he was registered with National Securities Corporation.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, National Securities Corporation may be liable for investment or other losses suffered by Michael Restagno’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.