Jesse Krapf, Formerly Of Spartan Capital Securities, Suspended

Jesse Krapf (CRD# 5467277) is a former registered broker last employed with SPARTAN CAPITAL SECURITIES, LLC (CRD# 146251) of New York, NY. His previous employers include Benchmark Investments, Inc. (CRD# 103792), Newbridge Securities Corporation (CRD# 104065), and Columbus Advisory Group, LTD. (CRD# 126331), all of New York. Three of his eleven previous employers have been expelled by FINRA. He has been in the industry since 2008.

Krapf has ten disclosures in his CRD, four of which are customer disputes. The most recent disclosure is a suspension from FINRA after Krapf failed to provide requested information. FINRA issued a suspension effective 4/6/2026 indefinitely. If Krapf does not request a termination of the suspension within three months, he will be permanently barred from the industry effective 6/29/2026.

In a previous disciplinary action issued by FINRA on 10/30/2024, Krapf was suspended for five months after being found to have excessively traded in a senior customer’s account. The customer relied on Krapf’s advice in every sale, giving Krapf de facto control over the customer’s account. This was in violation of Rule 15l-1 of the Securities Exchange Act of 1934, known as Regulation Best Interest (Reg BI). Krapf’s trading in the customer’s account generated total trading costs of $96,496, including $92,847 in commissions, leading to $41,017 in total realized losses.

Krapf also has three pending customer disputes with similar allegations of unsuitability, churning, failure to supervise and excessive trading. The first one filed on 5/14/2025, requests damages of $931,402.00.

An earlier customer dispute dated 10/10/2018 alleged breach of fiduciary duty and negligence. The customer requested damages of $500,000 and the claim was settled for $165,000.

Krapf also has four judgments with liens:

5/8/2024, civil, for $250.00
5/2/2019, tax, for $135,977.00
5/28/2015, tax, for $3,247.00
5/1/2014, civil, for $5,000

No additional information on the liens.

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