Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 12, 2017 indicate that California-based Crown Capital Securities broker/adviser Martin Batstone has received customer disputes and a regulatory sanction. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Batstone (CRD# 2171601).
Martin Batstone has spent 25 years in the securities industry and has been registered with Crown Capital Securities in San Diego, California since April 2017. Previous registrations include Independent Financial Group in San Diego, California; QA3 Financial Group in San Diego, California; Ameriprise Financial Services in San Diego, California; IDS Life Insurance Company in Minneapolis, Minnesota; and Thomas James Associates in Rochester, New York. He is a registered broker and investment adviser with six US states: California, Iowa, Michigan, Nevada, Pennsylvania and Washington.
According to his BrokerCheck report, Martin Batstone has received two customer complaints and one FINRA sanction.
In 2015 a customer alleged Martin Batstone, while employed at Independent Financial Group, breached his fiduciary duty “by allegedly failing to affirm client’s beneficiary designations in writing made former spouse unable to collect distributions upon client’s death, contrary to client’s instructions to registrant.” The complaint settled for $55,000.
In 2010 FINRA sanctioned him following allegations he participated in sales for which he was not an appointed agent and for which his firm did not have selling agreements. He was issued a 10-day suspension and a fine of $5,000.
In 2007 a customer alleged Martin Batstone, while employed at Ameriprise Financial Services, recommended an annuity that lost interest in the year it was not invested. The complaint settled for $5,400.
If you or someone you know has a complaint regarding Martin Batstone, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.