Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Philip Sparacino. If you suffered losses investing with Philip Sparacino, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Philip Sparacino (CRD# 3243960)
As of April 14, 2020, Philip Sparacino’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
3 Customer Dispute(s)
2 Regulatory Event(s)
1 Employment Separation After Allegations
1 Criminal Disclosure(s)
2 Judgment(s)/Lien(s)
UPDATE 4/13/2020: According to FINRA’s January 2020 Disciplinary Actions: “Philip Joseph Sparacino (CRD #3243960, Staten Island, New York) November 11, 2019 – An AWC was issued in which Sparacino was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Sparacino consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA while it was investigating allegations that he engaged in unauthorized, excessive and unsuitable trading while registered through his member firm. (FINRA Case #2019063631801)”
Current and Previous Registrations
07/02/2014 – 10/22/2019 FIRST STANDARD FINANCIAL COMPANY LLC (CRD#:168340) RED BANK, NJ
06/20/2012 – 06/27/2014 ALEXANDER CAPITAL, L.P. (CRD#:40077) STATEN ISLAND, NY
05/11/2010 – 06/21/2012 BROOKSTONE SECURITIES, INC. (CRD#:13366) STATEN ISLAND, NY
FINRA expelled the firm on 10/09/2012
02/27/2008 – 01/05/2010 MERCER CAPITAL LTD. (CRD#:104012) NEW YORK, NY
01/25/2008 – 02/26/2008 NEWBRIDGE SECURITIES CORPORATION (CRD#:104065) COLTS NECK, NJ
06/27/2007 – 01/17/2008 INVESTORS CAPITAL CORP. (CRD#:30613) COLTS NECK, NJ
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Philip Sparacino and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
