Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) reports alarming information in regard to securities broker James Pecoraro [CRD#: 2440231, Garden City, New York]. Evidently, at least 10 clients raised serious concerns about the securities broker, who worked for SW Financial between 2016 and 2019 and who joined Spartan Capital Securities in November 2019. Also, the securities broker reports reprimand or sanctions from securities regulators on five occasions. In sum, these disclosures suggest that Pecoraro made unauthorized and unsuitable sales, and that he failed to comply with his fiduciary responsibility to clients. Read on to learn more concerning the allegations against Pecoraro.
Notably, a client of SW Financial brought FINRA Arbitration #: 19-00482 on February 18, 2019. First of all, the client indicated that Pecoraro negligently recommended or sold investments. Secondly, the securities broker allegedly acted deceptively and executed unreasonable and unauthorized trades. Thirdly, Pecoraro purportedly breached a fiduciary duty by placing his interests before the client’s interests. Finally, the securities broker allegedly misrepresented facts relating to stock trades. Supposedly the common or preferred stocks which Pecoraro recommended or sold had caused the client to incur losses. As a result, SW Financial agreed to resolve the matter on August 26, 2019 through paying the client $36,000.
Apparently, on June 15, 2017, a Rockwell Global Capital client filed FINRA Arbitration #: 17-01458 concerning James Pecoraro. Namely, the client contended that Pecoraro breached his fiduciary responsibility and also breached a contract. Allegedly, the securities broker was negligent and possibly reckless in making securities transactions. As a result, the client experienced losses on common or preferred stocks. For this reason, on July 10, 2017, Rockwell Global Capital settled this client’s dispute through a payment of $13,500.
Evidently, in 2010, FINRA suspended James Pecoraro for excessive trading in violation of NASD rules. Notably, FINRA indicated that his trading at J.P. Turner & Company LLC was not supported by his client’s objectives, situations and needs. For violating NASD Rules 2110 and 2310, FINRA issued him a month-long suspension and $10,000 fine.
Apparently, in 2004, Colorado Division of Securities issued a three year suspension to Pecoraro. Mainly, the Division asserted allegations against Pecoraro including unauthorized trading and unsuitable trading. The suspension related to Pecoraro’s equity transactions while working for Harrison Securities, Inc.
Have you experienced losses by investing with James Pecoraro? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities firms and brokers like Pecoraro.
Summit Brokerage and Independent Financial Group each appear on a pending customer claim naming Gilbert Conrad (CRD 2746778). Both claims are unproven allegations. His BrokerCheck report also lists settled disputes at Arkadios Capital and Independent Financial Group.
On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
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