Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on October 30, 2018 indicate that former New York-based Chelsea Financial Services broker Michael Bastardi has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Bastardi (CRD# 6015424).
Michael Bastardi has spent six years in the securities industry and was most recently registered with Chelsea Financial Services in Staten Island, New York (2018). Previous registrations include National Securities Corporation in Mahopac, New York (2016-2018); Securities America in Warwick, New York (2014-2016); Dalton Strategic Investment Services in Warwick, New York (2012-2014); and Cape Securities in McDonough, New York (2012). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 11, 2012; SIE (Securities Industry Essentials Examination), which he obtained on September 11, 2018; and Series 7 (General Securities Representative Examination), which he obtained on January 24, 2012. He is currently not registered as a broker with any state or firm.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In September 2018 a customer alleged Michael Bastardi, while employed at Cape Securities, Dalton Strategic Investment Services, and Securities America, engaged in fraud, committed forgery, effected unauthorized transactions, and executed unsuitable trading on margin. The customer is seeking $270,000 in damages in the pending complaint.
In 2015 a customer alleged Michael Bastardi, while employed at Cape Securities, recommended unsuitable investments and churned the account. The complaint settled for $45,000.
If you or someone you know has a complaint regarding Michael Bastardi, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window by law to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.