Brandon Spano Fined By FINRA, Linked To Equitable Advisors Client’s Misappropriation Claim

FINRA sanctioned securities broker Brandon Vito Spano [CRD: 4601257, Saddle Brook, New Jersey], and investors complained about him, based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Spano worked for MML Investors Services LLC from August 22, 2023, to December 13, 2023; Equitable Advisors LLC from January 3, 2019, to June 21, 2023; and Park Avenue Securities LLC from December 11, 2017, to January 28, 2019. Read on for details about Spano’s disclosures.

FINRA Sanctioned Spano For Outside Business Activity Violations

Specifically, on October 21, 2025, FINRA issued Case 2023080632301, sanctioning Brandon Spano with a three-month suspension and a $5,000 fine. FINRA alleged that Spano engaged in an undisclosed outside business activity and made inaccurate compliance statements to his firm.

According to the regulator, the matter began while Spano was associated with Equitable Advisors between March 2020 and May 2023. During this time, FINRA stated that Spano entered into a real estate investment arrangement with one of the firm’s clients. The client provided $110,000, and Spano contributed $340,000. Those funds were used to buy a property that Spano intended to renovate and eventually resell. FINRA alleged that Spano managed the renovation work himself. He supposedly hired contractors as needed, expecting to share in any profits from a future sale. Because this real estate project fell outside his employment responsibilities, FINRA determined that he was required to notify his firm in writing but did not do so.

FINRA also found that Spano submitted annual compliance questionnaires in December 2020, July 2021, and October 2022, each time attesting that he had disclosed all outside business activities. The regulator stated that these attestations were inaccurate and that his nondisclosure and false certifications violated FINRA Rules 3270 and 2010. These findings led to the suspension and monetary penalty.

Equitable Advisors LLC Investor Accused Brandon Spano Of Misappropriation

Specifically, on November 21, 2023, an Equitable Advisors LLC client filed Civil Action No. BER-L-005143-23 about Brandon Spano. Mainly, the client alleged that Spano misappropriated funds that had been entrusted to him for investing. Because of this, the client allegedly experienced damages involving over-the-counter equities. As a result, the client requested $110,000 in compensation, plus interest, appreciation, costs of court, and attorney fees, from Equitable Advisors LLC or Spano. It appears that this civil suit is awaiting a resolution.

Were You Impacted By Financial Advisor / Securities Broker Spano?

Did you suffer any investment-related losses because of Brandon Spano? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Spano and the brokerage firms Spano worked for deny accusations of sales practice violations.