Category Archives: Spartan Capital Securities

Mack L. Miller-Former Dawson James Securities Broker-Discloses Separation from Employment-NY

May 2017-New York

The FINRA records of  Mack L. Miller  ,  a  stockbroker who is currently  registered with Spartan Capital Securities  disclose two  prior customer disputes, a separation from employment and 2 currently outstanding judgment/liens .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In April 2017 Mack Miller was ‘permitted to resign’ from Dawson James Securities. The company made the following allegation on Miller’s FINRA record: “Rep had called a prospective customer in a state where he was not registered”. 

Mack Miller  has been employed by Spartan Capital Securities  since 4/2017. He was employed by Dawson James Securities  from 5/2016-4/2017 , Lampert Capital Markets from 11/2015-5/2016 and Viewtrade Securities 8/2015-11/2015.

If you have questions about an account  handled by Mack L. Miller  , contact us to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Tyre F. Newsome-Cape Securities Broker-Discloses Termination and Outstanding IRS Lien

March 2017-New York

According to publicly available records Tyre F. Newsome , (CRD# 4812894) ,  a   stockbroker who is  currently registered with Cape Securities , disclose  a prior customer dispute, an outstanding judgment lien and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Public records reveal that in April 2016, Tyre Newsome was ‘permitted to resign’ by his employer Garden State Securities who alleged that Newsome made unsuitable recommendation to a senior investor and made an inappropriate recommendation to utilize margin.

Newsome discloses that there is an outstanding judgement or lien against him for $32,094 in favor of the Internal Revenue Service.

Newsome  is currently employed by Cape Securities. His prior employment includes:

  • Cape Securities
  • Spartan Capital Securities
  • Garden State Securities
  • Meyers Associates
  • Caldwell International Securities
  • Maximum Financial Investment Group
  • Avalon Partners
  • Great Eastern Securities
  • Maxim Group

If you have losses  in an account handled by Tyre Newsome, call to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Marc A. Reda-Former PHX Financial Broker-Discloses Customer Dispute Alleging Unauthorized Trading-NY

May 2016- Garden City, NY

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records,  Marc A. Reda discloses 6 final and one pending customer dispute. In March 2016  a customer of Reda while he was registered with PHX Financial (Phoenix Financial Services) sent an email to the compliance department alleging that beginning in November 2015 there was a failure of Reda to follow instructions, there were unauthorized trades, poor communication and overconcentration of investments. No specific monetary damages are alleged. That matter is presently pending.

In 2/2016 a customer of Reda contacted Phoenix Financial Services and stated that certain transactions executed shortly after opening the account were unauthorized and had resulted in damages. That matter was settled for $120,000.

FINRA records disclose a currently pending FINRA investigation which is reviewing both current and former clients of Mr. Reda and the respective activity in the accounts to see if there were any rule violations.

According to FINRA records, Reda  has been registered with Spartan Capital Securities  since 5/2016. Reda was registered with First Standard Financial from 2/2016-5/2016. Prior to that he was registered with PHX Financial from 10/2014-1/2016 and with Laidlaw & Company from 11/2013-10/2014.

FINRA records disclose an Internal Revenue Service lien filed in the Supreme Court of Richmond County against Reda in the amount of $575,101.40.

If you have losses in an account handled by Marc A. Reda contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Shahbul A. Molla Named in Customer Arbitration-Spartan Capital Securities Broker

May 2016

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA recordsShahbul A. Molla has been registered with Spartan Capital Securities since 1/2010.

FINRA records disclose that there is currently a customer dispute pending against Shabul A. Molla:

  • FINRA Case 16-0019-a customer alleges that his account was churned, over concentrated, unsuitable investments were purchased and misrepresentations were made resulting in losses of $115,414.

If you have losses in an account handled by Shahbul A. Molla contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Jason M. Santini Named in Customer Arbitration-Blackbook Capital, LLC. Broker

APRIL 2017 UPDATE-In November 2016 a customer of Spartan Capital filed FINRA arbitration 16-3109 alleging damages of $27,376 for overconcentration, unauthorized use of margin and negligence.

ORIGINAL POST -May 2016

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records,  Jason M. Santini, has been registered with Spartan Capital Securities since 4/2015. Prior to that he was registered with Martinez-Ayme Securities (firm expelled by FINRA 6/2015), and prior to that he was registered with Blackbook Capital, LLC. From 8/2010-12/2012 he was registered with J.D. Nicholas & Associates. 

FINRA records disclose that there is currently a customer dispute pending against Jason M. Santini:

  • FINRA Case 15-00994- a customer while Mr. Santini was registered with Blackbook Capital alleges fraud, negligent misrepresentation and breach of fiduciary duty in connection with his account. Damages are alleged to be $250,000.

If you have losses in an account handled by Jason M. Santini contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Robert Murray, III-Spartan Capital Securities Broker-Named in Customer Arbitrations

May 2016

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

According to FINRA records,  Robert J. Murray, III has been registered with Spartan Capital Securities since 10/2012. Prior to that he was registered with Rockwell Global Capital, Summit Brokerage Services and Vanguard Capital.

FINRA records disclose that there are currently three customer disputes pending against  Robert J. Murray III, including:

  • FINRA Case 15-2421- a customer alleges that Mr. Murray made unsuitable investments causing damages of $31,711.
  • FINRA Case 15-1888- a customer alleges that Mr. Murray made unsuitable investments and charged excessive commissions causing damages of $45,249.
  • FINRA Case 15-1416-a customer alleges that Mr. Murray made unsuitable transactions in the account and charged excessive commissions resulting in losses of $27,243.

If you have losses in an account handled by Robert J. Murray contact us to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870