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David Cutolo Formerly With Spartan Capital Securities, BlackBook Capital, And Chelsea Financial Services Has 2 Customer Complaints For Alleged Broker Misconduct

Who is David Cutolo formerly with Spartan Capital Securities?

David Cutolo (CRD #2216789) who was formerly registered with Spartan Capital Securities 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, David Cutolo was associated with BlackBook Capital, Chelsea Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

David Cutolo Customer Complaints

David Cutolo has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses.  Both of David Cutolo’s  customer complaints were settled in favor of investors.

Allegations Against David Cutolo

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

  • Allegations of high pressure sales tactics by David Cutolo, and unsuitable investment recommendations.
  • Client claims that trades were unauthorized and allegedly executed by David Cutolo.

David Cutolo Red Flags & Your Rights As An Investor

Of course, David Cutolo 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 David Cutolo at Spartan Capital Securities, BlackBook Capital, and Chelsea Financial Services on alert to review carefully the activity and performance of their accounts and question whether David Cutolo has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Spartan Capital Securities, BlackBook Capital, and Chelsea Financial Services also raises questions about the brokerage firms’ 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 Due To David Cutolo

If you have questions about Spartan Capital Securities, BlackBook Capital, Chelsea Financial Services, and/or David Cutolo 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.

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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 $125 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.

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