Michael Vincent Restagno, Broker with Aegis Capital, Facing Customer Disputes Alleging Recommendation of Unsuitable Investments

INVESTORS: Aegis Capital broker Michael Vincent Restagno was named in multiple customer disputes alleging recommendation of unsuitable investments.

Michael Vincent Restagno (CRD: 5532695) is registered as a broker with Aegis Capital, where he’s been employed since 2017. Previously, Restagno was registered as a broker with National Securities Corporation from 2008 until 2017.

Restagno has three disclosures on his BrokerCheck report. 

July 2022 Customer Dispute

Status: Pending

Allegations: Time Frame: May 2020 – May 2022. Claimant alleges unsuitable investments, unauthorized trading, breach of fiduciary duty and negligence.

March 2022 Customer Dispute

Status: Settled

Allegations: Time Frame: 2017 to present. Claimants allege unsuitable, excessive and unauthorized trading; breach of fiduciary duty; negligence; misrepresentation and omissions of material facts.

Damage Amount Requested: $95,000.00

Settlement Amount: $50,000.00

February 2022 Customer Dispute

Status: Pending

Allegations: Claimant alleges RR invested client funds in risky illiquid REITs.

Damage Amount Requested: $150,000.00

The Sonn Law Group is currently investigating allegations surrounding Michael Vincent Restagno. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.