Last Updated: September 2023 (New York, NY)
Cory Bataan Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Cory Bataan:
- Name: Mr. Cory David Bataan
- Current Employer: Not currently registered with FINRA
- Previous Firms: Terrranova Capital Equities, Aegis Capital Corp. , Empire Asset Management Co. , Ameritas Investment Corp.
- Function: Former Stock Broker/ Financial Advisor
- Aliases: Cory D. Bataan
- Primary Location: New York, NY
- CRD 2755223
- Can Cory Bataan be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $57,500
- Discharged by a prior employer: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Cory Bataan As Your Stockbroker?
In 2018 Cory Bataan consented to sanctions and to the entry of findings that he exercised discretion in customer accounts by executing hundreds of trades without obtaining written authorizations from the customers or his employing firm Aegis Capital Corp. Bataan was fined $5,000 and suspended for 15 days.
Cory Bataan discloses 5 prior customer disputes that were settled with cash payments, including the following:
In 4/2021 a customer of Aegis Capital Corp. was paid $57,500 to resolve allegations that Cory Bataan churned their account, made unsuitable recommendations and made false and misleading statements.
Cory Bataan was discharged by Empire Asset Management in 2012 for violations of firm policies and procedures and an apparent violation of FINRA Rule 2111.
FINRA Rule 2111: Suitability states, in part: “ (a) A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Allegations of Broker Misconduct Against Cory Bataan
Customers of Cory Bataan have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Unauthorized Trading
- Misrepresentations
- Margin Violations
- Churning
- Breach of Fiduciary Duty
- Excessive Fees and Commissions
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Cory Bataan, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
