| Read Time: 2 minutes | Spartan Capital Securities Complaints |


Albert Foronda of Spartan Capital Securities, LLC Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Albert Foronda of Spartan Capital Securities, LLC?

Albert Foronda (CRD #5737620) who is currently registered with Spartan Capital Securities, LLC and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.

Prior to Spartan Capital Securities, LLC, Albert Foronda was associated with Worden Capital Management and 2 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Albert Foronda Broker Misconduct

In his career, Albert Foronda has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last two years to recover investment losses. Two of Albert Foronda’s 3 customer complaints were settled in favor of investors. There is currently one pending customer complaint filed against Legend Securities and Worden Capital Management for investment losses caused by Albert Foronda’s alleged misconduct.

Albert Foronda has had his own regulatory problems. In January 2020, he consented to the sanctions and entry of findings that he effected unauthorized transactions in customers’ accounts. Albert Foronda was suspended for 45 days and fined $7,500.

Allegations Against Albert Foronda

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Allegations of unsuitability, excessive trading, negligence.
  • Breach of Fiduciary Duty, breach of contract, negligence.
  • Customer alleged that a transaction made in his account wasn’t authorized.

Albert Foronda Red Flags & Your Rights As An Investor

Of course, Albert Foronda did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Albert Foronda at Spartan Capital Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Albert Foronda has engaged in any stockbroker misconduct that may have caused them investment losses.

There have been a large number of customer complaints at Spartan Capital Securities, LLC which also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Spartan Capital Securities, LLC

If you have questions about Spartan Capital Securities, LLC and/or Albert Foronda and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars