{"id":7149,"date":"2019-06-03T13:11:32","date_gmt":"2019-06-03T18:11:32","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7149"},"modified":"2019-07-29T09:47:38","modified_gmt":"2019-07-29T14:47:38","slug":"finra-bars-bad-brokers","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-bad-brokers\/","title":{"rendered":"FINRA Bars Additional Bad Brokers from Big Firms"},"content":{"rendered":"

Former Securities America Broker Is Accused of Unsuitable and Unauthorized Trades<\/strong><\/h2>\n

Michael Bastardi, an ex-Securities America broker<\/a>, is barred by the Financial Industry Regulatory Authority (FINRA)<\/a> after he failed to give the regulator the information it requested for an investigation into his alleged conduct. Bastardi was a registered representative with Securities America from 2014 to 2016.<\/p>\n

In 2018, the brokerage firm submitted a Form U5 that disclosed that Bastardi had been named in a customer complaint accusing him of unauthorized trading, unsuitable margin trading, forgery, and fraud while at Securities America and previous to that when he was a registered Dalton Strategic Investment Services broker. His alleged misconduct is said to have resulted in about $250K in damages. The investor fraud claim is still pending.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Former Securities America Broker Is Accused of Unsuitable and Unauthorized Trades Michael Bastardi, an ex-Securities America broker, is barred by the Financial Industry Regulatory Authority (FINRA) after he failed to give the regulator the information it requested for an investigation into his alleged conduct. Bastardi was a registered representative with Securities America from 2014 to […]<\/p>\n","protected":false},"author":2,"featured_media":7095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3739,4049],"tags":[2264,2265,2268,2269,2271,2272],"class_list":["post-7149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-finra","category-industry-bars","tag-anselmo-contreras","tag-benjamin-bourgeois","tag-cambridge-investment-research","tag-commonwealth-financial-network","tag-michael-bastardi","tag-securities-america"],"yoast_head":"\nFINRA Bars Former Reps. from Securities America & More — Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"Finra has made the decision to bar former representatives from Securities America, Commonweath & others 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