Last Updated: October 2023 (New York, NY)
Joe Kelly Investigation Summary
Here’s what you need to know about New York, NY, stockbroker Joe Kelly:
- Name: Mr. Joseph Kelly
- Current Employer: Spartan Capital Securities
- Previous Firms: PHX Financial, National Securities Corp., Empire Asset Management
- Function: Stock Broker/ Financial Advisor
- Aliases: Joe Kelly
- Primary Location: New York, NY
- CRD 4560737
- Can Joe Kelly be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $225,365
- Pending Customer Dispute Seeks Damages of $844,107
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joe Kelly As Your Stockbroker?
Joe Kelly discloses 3 previously settled customer complaints, including:
- In 2017 a customer of Spartan Capital Securities was paid $225,365 to resolve a FINRA arbitration alleging that Joe Kelly made misrepresentations and traded the account excessively (Churning).
In a currently pending FINRA arbitration a customer of Spartan Capital Securities is seeking $844,107 and alleges that Joe Kelly churned their account and traded it without authority.
Allegations of Broker Misconduct Against Joe Kelly
Customers of Joe Kelly have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Account Churning
- Unauthorized Trading
- Misrepresentations
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Joe Kelly, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
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.