Written by The White Law Group• September 30, 2019• 2:25 pm• Blog, Broker Investigations

Marty Batstone Barred by FINRA

Marty Batstone Broker Investigation, featured by top securities fraud attorneys, The White Law Group

Financial Advisor Marty Batstone, Independent Financial Group in San Diego, CA

Are you concerned about investments with Marty Batstone in San Diego, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public disclosures on FINRA’s website,the regulator made a preliminary determination to recommend that disciplinary action be brought against Martin David Batstone (Marty Batstone) alleging violation of FINRA Rules 2150 and 2010 for conversion of customer funds.

According to his FINRA BrokerCheck report, Batstone was reportedly affiliated with Independent Financial Group in San Diego, CA from January 2009 until April 2017. After leaving IFG, Batstone reportedly worked at Crown Capital Securities, and then, more recently was reportedly affiliated with Newbridge Securities in San Diego, as reported on his broker record. At this time, his report states he is “not currently registered as a broker.”

He reportedly has 6 customer complaints on his broker check record, according to FINRA. Allegations reportedly include unsuitable investment recommendations, among others.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that Batstone’s employers may have for failure to properly supervise him.

When brokers violate securities laws, the brokerage firm they are working with may be liable for any losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states, including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.