August 5, 2022 Comments Off on James Pecoraro, Spartan Capital Broker, Suspended and Fined  Blog, Current Investigations

James Pecoraro, Spartan Capital Broker, Suspended and Fined 

James Pecoraro, Spartan Capital Broker, Suspended and Fined, featured by top securities fraud attorneys, the White Law Group

FINRA Suspends James Pecoraro, Spartan Capital after allegations of Excessive Trades 

According to public records posted to FINRA’s website, the Financial Industry Regulatory Authority (FINRA) has reportedly suspended James Robert Pecoraro (CRD no. 2440231) for nine months after allegations of excessive trading. In addition to the alleged suspension Pecoraro was reportedly fined $10,000 and ordered to pay $68,886 plus interest in restitution to investors. 

According to FINRA, in March 2022 the regulator recommended that disciplinary action be brought against Pecoraro. FINRA was reportedly investigating potential violations of FINRA rules including churning customer accounts, excessively trading customer accounts, and recommending unsuitable trading strategies. Pecoraro reportedly has 11 customer disputes filed against him, according to FINRA. Allegations include negligence, unsuitable investments, fraud, breach of fiduciary duty, unauthorized transactions and misrepresentation, among others.  

Pecoraro reportedly has a history of misconduct and regulatory actions, indicated by his FINRA BrokerCheck profile, including five regulatory actions for rules violations, according to FINRA. He has reportedly been affiliated with the following firms during his career in the securities industry: 

11/1/2019, SPARTAN CAPITAL SECURITIES, LLC (CRD#:146251), Garden City, NY 

09/14/2016 – 12/02/2019, SW FINANCIAL (CRD#:145012), MELVILLE, NY 

12/01/2015 – 09/30/2016, PRIMARY CAPITAL, LLC (CRD#:127921), Garden City, NY 

01/10/2011 – 11/30/2015, ROCKWELL GLOBAL CAPITAL LLC (CRD#:142485), MELVILLE, NY 

When brokers and registered investment advisors violate securities laws, such as making unsuitable investment recommendations or unauthorized trades, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.            

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.                   

We represent investors in all 50 states including New York. Our attorneys have recovered millions of dollars from many brokerage firms in the past.                   

If you are concerned about your investments with James Pecoraro, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.                    

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.      

   

  

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