Last Updated: January 2025 (New York, NY)
Christopher Gallo Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Christopher Gallo:
- Name: Christopher Paul Gallo
- Current Employer: Currently suspended by FINRA. Most recently registered with Joseph Stone Capital LLC
- Prior Employer: Spartan Capital Securities
- CRD Number: 6045888
- Function: Stockbroker / Financial Advisor
- Primary Location: New York, NY
- Aliases: Christopher Gallo
- Can Christopher Gallo be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes, suspension starting January 2025 for excessive trading causing damages in excess of $200,000, see below.
If you’ve sustained damages from Mr. Gallo, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Christopher Gallo As Your Stockbroker?
Mr. Gallo has been sanctioned by FINRA following a final regulatory action initiated on November 27, 2024 (Case #2018056490321). The allegations included willfully violating the Best Interest Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Regulation BI). Specifically, Mr. Gallo recommended a series of trades to retail customers that were deemed excessive and not in their best interests. These trades generated $97,981 in commissions and resulted in $204,492 in realized losses for the customers.
Mr. Gallo’s suspension from the securities industry begins January 6, 2025, and ends June 5, 2025.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Christopher Gallo
Christopher Gallo have alleged the following misconduct:
- Excessive Trading and Unsuitable Recommendations:
The FINRA regulatory action found that Mr. Gallo violated Regulation BI by engaging in excessive trading, prioritizing commissions over customer interests. This conduct caused substantial losses to clients and violated the suitability standard under FINRA Rule 2111. FINRA Rule 2111- suitability -Regulation Best Interest
- Employment Termination and Disciplinary Actions:
During his employment with Spartan Capital Securities LLC from 2018 to 2023, the conduct that led to regulatory action occurred. Mr. Gallo has since been associated with Joseph Stone Capital LLC, but his active registrations in several states, including New York and California, are now suspended. - Criminal History Disclosure:
Mr. Gallo discloses a 2001 criminal charge in Salem County District Court involving assault and battery with a deadly weapon. The charge was dismissed in 2003 and did not result in any conviction.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Christopher Paul Gallo, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
See this for information on our other investigations of Joseph Stone Capital brokers
Other Investigations Involving Spartan Capital Securities Brokers
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.