Last Updated: April 2025 – New York, NY
Kieran Loughran Investigation Summary
Here’s what you need to know about New York, NY, former stockbroker Kieran Loughran:
- Name: Mr. Kieran John Loughran
- Current Status: Not currently registered
- Prior Employers: Spartan Capital Securities, LLC; National Securities Corporation; Newbridge Securities Corporation; Prestige Financial Center, Inc.; First Montauk Securities Corp.; Coleman & Company Securities, Inc.; R.D. White & Co., Inc.
- Function: Stockbroker / Financial Advisor
- Other Business Affiliations: Broad Street Global Holdings- Ameritech Opportunity LLC, Greenville, South Carolina
- Primary Location: New York, NY
- CRD#: 2826208
- Can Kieran Loughran be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Highest Reported Settlement: $55,000
- Pending Customer Disputes Seek Damages of: None reported
- Discloses Outstanding Judgment/Liens: Yes
If you’ve sustained damages from Mr. Loughran, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Kieran Loughran As Your Stockbroker?
A final regulatory action was taken against Kieran Loughran by FINRA on August 28, 2024, involving excessive and unsuitable trading in the account of a senior investor. The action stemmed from Mr. Loughran’s employment with Spartan Capital Securities, LLC.
According to the FINRA findings (Docket No. 2018056490314), Loughran recommended high-frequency in-and-out trading that resulted in $49,633 in total trading costs, including $43,495 in commissions, resulting in $179,878 in realized losses for the customer.
Sanctions included:
- A 3-month suspension
- A $5,000 fine
- $43,495 in restitution
Mr. Loughran has been involved in multiple settled customer disputes, including:
- $55,000 settlement (2016) in an equity/options trading complaint
- $45,000 settlement (2022) in a case involving allegations of misrepresentation and unsuitable recommendations
- $8,500 settlement in another complaint alleging suitability and unauthorized trading
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Allegations of Broker Misconduct Against Kieran Loughran
Customers and regulators have alleged the following misconduct:
- Excessive and Unsuitable Trading: FINRA concluded that Mr. Loughran exercised de facto control over a senior client’s account and engaged in excessive trading, in violation of FINRA Rule 2111 (Suitability) and Rule 2010 (Standards of Commercial Honor and Principles of Trade).
- Misrepresentation and Omission: Clients alleged that Mr. Loughran misrepresented investment risks and failed to adequately explain trading strategies, especially in over-the-counter equities and options.
- Churning and Overconcentration: One customer claimed their account was churned and overconcentrated, leading to losses.
- Unauthorized Trading: Multiple complaints from Loughran’s time at Newbridge and National Securities include unauthorized transactions, which are prohibited under FINRA Rule 3260(b).
- Financial Distress and Judgments: Mr. Loughran has 12 unsatisfied tax liens and judgments, including a $291,672 IRS lien and several others totaling hundreds of thousands of dollars.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Investigations involving Over-Concentration
The Financial Industry Regulatory Authority (FINRA) mandates that all brokers disclose regulatory actions, customer complaints, and financial issues such as judgments or liens. These issues often raise red flags for potential investor harm.
Recover Your Investment Losses Now With Rex Securities Law
Other Investigations Involving Spartan Capital Securities Brokers
If you have suffered investment losses in an account handled by Kieran J. Loughran, 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.