Last Updated: May 2025 – Holmdel, NJ
Here’s what you need to know about Holmdel, NJ stockbroker Joseph L. Tranchina:
- Name: Mr. Joseph L. Tranchina
- Current Employer: Suspended by FINRA 6/2/2025-11/1/2025
- DBA: J. Tranchina, Inc. – bookkeeping
- Prior Employers: Ceros Financial Services, Spartan Capital Securities, LLC; Worden Capital Management LLC; Legend Securities, Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Joseph Tranchina
- Primary Location: Holmdel, NJ
- CRD Number: 6085344
- Can Joseph Tranchina be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: Yes
- Restitution/Fine: $60,975 restitution / $5,000 civil fine
If you’ve sustained damages from Mr. Tranchina, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joseph Tranchina As Your Stockbroker?
On May 8, 2025, the Financial Industry Regulatory Authority (FINRA) issued a final regulatory action against Joseph L. Tranchina (Case No. 2018056490329), alleging that he willfully violated Regulation Best Interest (Reg BI) by engaging in excessive trading in the accounts of two retail clients while employed at Spartan Capital Securities.
According to FINRA, one customer, a 65-year-old judge, experienced an annualized cost-to-equity ratio of 32% and $74,331 in realized losses. Another customer, a 54-year-old small business owner, saw an even more egregious cost-to-equity ratio of over 90%, resulting in $23,818 in realized losses. The excessive trading by Tranchina generated more than $60,000 in commissions.
Tranchina was suspended from associating with any FINRA member in any capacity for 5 months (June 2, 2025–November 1, 2025) and ordered to pay restitution of $60,975 along with a civil penalty of $5,000.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Allegations of Broker Misconduct Against Joseph Tranchina
The following are key findings and allegations made against Joseph Tranchina:
- Excessive Trading (Churning
- Unsuitable Recommendations: His recommendations were found to be unsuitable for the customers’ investment profiles and objectives, violating their best interests.
- Willful Violation of Regulation Best Interest (Reg BI): FINRA concluded that Tranchina violated SEC Rule 15l-1, which mandates that brokers act in the best interest of retail customers when making recommendations.
These violations demonstrate conduct inconsistent with FINRA Rule 2111 (Suitability) and SEC Rule 15l-1 (Reg BI), both of which emphasize that recommendations must be aligned with the customer’s best interest and not driven by broker compensation.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Legend Securities Brokers
Other Investigations Involving Spartan Capital Securities Brokers
Investigations of other Worden Capital Management Brokers
If you have suffered investment losses in an account handled by Joseph L. Tranchina, contact us for a complimentary consultation with an experienced 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.