Spartan Capital Securities, LLC, a FINRA-registered brokerage firm based in New York, New York, has several brokers who are the subject of multiple investor complaints alleging a variety of misconduct including, but not limited to, misrepresentation, unsuitability, churning, unauthorized trading, and more. While based in New York, Spartan Capital is registered to do business throughout the United States, operating primarily in the Northeastern U.S., predominantly in New Jersey. Continue reading ›
Steven Luftschein (Steven Robert Luftschein CRD# 2690117) was recently barred from acting as a broker by the Financial Industry Regulatory Authority (FINRA) following an investigation into allegations that Luftschein violated federal securities laws. Luftschein, who operated in the greater New York area, was registered with Aegis Capital Corp. from 2013-2016, and then with Joseph Stone Capital LLC for the years 2017-2018. Continue reading ›
Peter Girgis (Peter N. Girgis CRD: 4520444) is a registered broker currently employed with SW Financial (CRD#: 145012) of New York, NY. His previous employers include Worden Capital Management LLC (CRD#:148366) and Legend Securities, Inc. (CRD#:44952, expelled by FINRA, 04/17/2017), also of New York, NY, and Joseph Gunnar & Co. LLC (CRD#:24795) of Staten Island, NY. One other former employer, Brookstone Securities, Inc. (CRD#:13366) of Staten Island, was also expelled by FINRA on 10/09/2012. He has been in the industry since 2002. Continue reading ›
William Athes (William Nicholas Athes CRD#: 3165470) is a currently registered broker employed by SW Financial (CRD#: 145012 of Melville, NY.) His previous employers include Worden Capital Management LLC (CRD#:148366), also of Melville, K.C. Ward Financial (CRD#:145135) of Ronkonkoma, NY, and Securities America, Inc. (CRD#:10205) of Port Jefferson, NY. He has been in the industry since 1999. Continue reading ›
Robert Buffington (CRD#:5220332) is a previously registered broker whose last employer was Aegis Capital Corp. (CRD# 15007) of New York, NY. Prior employers include Gunnallen Financial, Inc (CRD#:17609), Maxim Group LLC (CRD#:120708) and Bear, Stearns & Co. Inc. (CRD#:79), all of New York. He has been in the industry since 2007. No current employment information is available. Continue reading ›
Mack Miller is a currently suspended broker who was last registered with Spartan Capital Securities LLC in New York, New York. FINRA suspended Miller in April, 2020 for an entry of findings that he churned an elderly customer’s account.
Before starting at Spartan Capital Securities (CRD# 146251) in 2017, Miller worked for Dawson James Securities, Inc. (CRD# 130645), Lampert Capital Markets Inc. (CRD# 103725), and others. He had been in the securities industry since 2004 and worked for several firms that have been expelled by FINRA, including Sky Capital LLC (CRD# 114657), Seaboard Securities, Inc. (CRD# 755), Legend Merchant Group, Inc. (CRD# 5155), Blackbook Capital LLC (CRD# 123234), and Arjent LLC (CRD# 131431). Continue reading ›
David Weisberg is a currently suspended broker who was last registered with Worden Capital Management LLC in New York, New York. Weisberg was suspended by FINRA for findings that he “engaged in excessive and unsuitable trading in the account of an elderly customer.”
Before working at Worden Capital Management LLC (CRD# 148366), Weisberg worked at Legend Securities, Inc. (CRD# 44952, expelled), First Midwest Securities, Inc. (CRD# 21786), JHS Capital Advisors, Inc. (CRD# 112097), Fordham Financial Management, Inc. (CRD# 20996), and John Thomas Financial (CRD# 40982, expelled). He had been in the industry since 2009. Continue reading ›
One of the most common claims from unhappy investors is against stockbrokers who churn or excessively trade their account to generate commissions for themselves.
Every dollar spent on fees, costs, or commissions is money that needs to be recovered through profit just for the investor to break even. The higher the commissions an investor pays, the less likely they are to make a profit. Continue reading ›
Argyros has been in the industry since 1985 and was previously registered at CIBC World Markets Corp. (CRD#: 630), Kemper Securities Group, Inc. (CRD#: 19616), Blunt Ellis & Loewi Incorporated (CRD#: 7580), and others. Continue reading ›