Michael Battalini Involved In Coastal Equities Investor Complaint About Unsuitable Advice

Investors may have incurred losses due to securities broker Michael Adam Battalini [CRD: 3204878, Sewickley, Pennsylvania], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Records show that Battalini was employed by World Capital Brokerage Inc. from December 22, 2022, through April 17, 2023, and previously worked for Coastal Equities Inc. from February 21, 2017, to December 19, 2022. The disclosures below provide additional details that investors may want to review.

Coastal Equities Investor Accused Battalini Of Unsuitable Recommendations

Particularly, a Coastal Equities Inc. client filed FINRA Arbitration No. 23-02376 concerning Michael Battalini. Mainly, the client alleged that Battalini made unsuitable recommendations. Because of this, the client allegedly experienced damages involving alternative investments. As a result, on February 25, 2025, Coastal Equities Inc. settled this matter by paying the client $100,000 in damages.

Michael Battalini Terminated For Failure To Disclose Information

Additionally, World Capital Brokerage Inc. disaffiliated with Battalini on April 17, 2023. Allegedly, Battalini was permitted to resign after the firm received indications that Form U-4 filings dated December 22, 2022, and February 7, 2023, should have included information regarding FINRA Arbitration No. 22-02771, which was not known to the firm at the time the filings were submitted.

Coastal Equities Investor Accused Battalini Of Unsuitable Advice

Specifically, a Coastal Equities Inc. client filed FINRA Arbitration No. 22-02771 concerning Michael Battalini. Primarily, the client alleged that Battalini made unsuitable recommendations. For this reason, the client allegedly sustained damages related to direct investments. Consequently, on February 14, 2024, Coastal Equities Inc. settled this matter by paying the client $215,000 in damages.

Did You Invest With Financial Advisor / Securities Broker Michael Battalini?

Do you have concerns or questions regarding investments you made with Michael Battalini? Contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the country. Also, the firm represents investors on a contingency fee basis and advances all costs. Battalini and the brokerage firms he worked for deny accusations of sales practice violations.