Spartan Capital Securities has received numerous complaints filed by FINRA and state regulatory agencies. Such complaints can harm a company, potentially forcing it to refund money to customers.
People looking to invest with Spartan Capital Securities should first consult BrokerCheck and seek guidance from an independent financial advisor before making any commitment. Furthermore, margin trading poses significant risks that could increase returns while also leading to catastrophic losses.
Spartan Capital Securities Complaints provides businesses with revenue-based financing (RBF). After conducting a thorough assessment of each client’s business, this company offers tailored offers tailored specifically to them as well as providing regular communication for long-term growth goals.
Spartan Capital Securities of New York has earned both praise and criticism as it navigates its way through financial waters. Some investors have had positive experiences while others recall rough sailing with this firm.
Some complaints regarding the firm have been submitted to FINRA, an industry group that oversees brokerage firms. Furthermore, regulatory investigations have taken place against it. Evaluating how it responds to complaints and reviews will give more of an in-depth view into their operation as well as customer service offerings and fee structures.
Spartan Capital Securities provides private equity brokerage and investment banking services. The Company provides institutional trading, research, wealth management services as well as mergers and acquisitions transactions for clients located throughout the United States.
John Lowry is the Founder and Chief Executive Officer of Spartan Capital Securities, LLC. With more than 25 years of experience in the securities industry, he has led multiple public and private finance transactions such as initial public offerings (IPO), up lists, follow-on offerings (FO), contingent CMPOs and PIPEs, as well as participating in several M&A deals.
As a registered broker-dealer, Spartan Capital Securities must abide by industry standards and regulations. Both its brokers and the firm itself may face disciplinary actions if they breach them – often leading to investment losses for investors. As of 2017, there have been six state or self-regulatory body disclosure events against the firm for violations including suggesting risky investments and excessive trading activity.
Spartan Capital Securities offers brokerage services tailored specifically to both novice and seasoned investors alike, including margin accounts and mutual funds. In addition, Spartan provides research reports and analyses of global equity trends; among its client base are both high net-worth individuals as well as institutions.
Financial advisor misconduct can lead to significant value losses in your investment account. With extensive experience handling such cases at The Law Offices of Robert Wayne Pearce, our team can help recover these losses through an arbitration award.
Independent brokerage firms are notoriously known for having lax supervisory standards, leaving customers vulnerable to unsuitable trading and churning that can result in significant investment losses. Furthermore, many of these firms do not review new accounts, trades or business records to determine suitability for their customer base; thus resulting in improper investments with unnecessary commissions being charged on them resulting from poor supervision by these brokers; plus these independent brokers do not incur the overhead costs of full-service firms such as branch offices and on-site management costs that full-service firms do.
Multiple customers have lodged formal complaints to FINRA (an organization which oversees the stock market), alleging that Spartan Capital Securities recommended plans that weren’t suitable to their financial situations or that traded too aggressively on their behalf, leading to losses. Such complaints may indicate the broker failed to adhere to FINRA’s “know your customer” and suitability rules, and may lead to prosecution under state laws or local rules regulating brokers.
FINRA recently filed a formal complaint against Spartan Capital Securities broker Marc Augustus Reda for violating numerous regulatory rules, such as excessive trading and churning that may cost investors significantly of money.
Reda’s customers have also complained of unsuitable investments and excessive commissions. A thorough, impartial evaluation is necessary here; an investigation of industry norms and competitor practices could help reveal any discrepancies or truthfulness; those with concerns should consult an attorney prior to investing their funds.