National investment loss lawyers KlaymanToskes is investigating broker Stephen Sullivan (CRD# 3123249) of Spartan Capital Securities, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he failed to provide on-the-record testimony requested by FINRA in connection with the regulator’s investigation into his potential churning and excessive trading in customers’ accounts.
According to FINRA BrokerCheck, broker Stephen Sullivan was previously registered with Spartan Capital Securities from November 2019 to October 2022 in Garden City, NY. In September 2023, FINRA reportedly began investigating Sullivan for potential churning and excessive trading in his customers’ accounts at Spartan.
The complaint alleges that Sullivan failed to provide information and documents requested by FINRA in connection with its investigation and further alleges that Sullivan terminated the on-the-record testimony before FINRA had completed its questioning, and he failed to appear to complete his on-the-record testimony.
Investors that suffered losses with broker Stephen Sullivan are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Stephen Sullivan:
If you suffered losses with broker Stephen Sullivan, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Stephen Sullivan. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA and the SEC, brokerage firms such as Spartan Capital Securities are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.If you suffered losses with broker Stephen Sullivan or have concerns regarding your investment portfolio at Spartan Capital Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.