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Stephen Sullivan Of Spartan Capital Securities And Formerly With SW Financial, Worden Capital Management And Newbridge Securities Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Stephen Sullivan of Spartan Capital Securities?

Stephen Sullivan (CRD #3123249) who is currently registered with Spartan Capital Securities and located in Garden City, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Spartan Capital Securities, Stephen Sullivan was associated with SW Financial, Worden Capital Management, Newbridge Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Stephen Sullivan set his own share regulatory problems.  In 2016, he consented to a 10 day suspension and $5,000 fine, without admitting or denying the allegations, by FINRA that he exercise discretion in clients accounts without obtaining prior written authorization from his customers to exercise discretion in their accounts or obtain approval from member firm to engage in discretionary trading.

Stephen Sullivan Customer Complaints

Stephen Sullivan has been the subject of 2 customer complaints that we know about. One of Stephen Sullivan’s 2 customer complaints was settled in favor of investors. One of Stephen Sullivan’s customers’ complaints was denied and, to date, the customers have not taken any further action.

Allegations Against Stephen Sullivan

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

  • Claimant alleged Stephen Sullivan’s excessive trading, unauthorized trading, and unsuitable transactions were executed in account. Also alleged were fraud, negligence, breach of contract, and breach of fiduciary duty.
  • Client alleged Stephen Sullivan’s unauthorized trade for 2,000 shares GDP.

Stephen Sullivan Red Flags & Your Rights As An Investor

Of course, Stephen Sullivan 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 Stephen Sullivan at Spartan Capital Securities, SW Financial, Worden Capital Management, and Newbridge Securities on alert to review carefully the activity and performance of their accounts and question whether Stephen Sullivan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Spartan Capital Securities, SW Financial, Worden Capital Management, and Newbridge Securities 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 Stephen Sullivan

If you have questions about Spartan Capital Securities, SW Financial, Worden Capital Management, Newbridge Securities, and/or Stephen Sullivan 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 $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.

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