Joseph Fuller Spartan Capital Client Disputes

Spartan Broker Joseph Fuller Allegedly Sold Unsuitable Investments

Investor Alert! The Financial Industry Regulatory Authority (FINRA) reports troubling allegations of misconduct by securities broker Joseph Patrick Fuller (CRD#: 5277097, New York, New York). Notably, two of Fuller’s employers parted ways with him for his bad behavior. Not only that, but two clients brought complaints about him for seemingly causing their losses. Let’s take a closer look at these disclosures.

Joseph Fuller Churning Accounts, Selling Unsuitable Investments According To Lawsuit

Apparently, In January 2019, approximately seven clients of Spartan Capital Securities brought an investment dispute about Joseph Fuller’s private placement sales. First of all, the clients indicated that Fuller was churning their accounts. Secondly, Fuller supposedly behaved negligently by selling unsuitable investments. Thirdly, the clients indicated that Fuller made misrepresentations and omissions with regard to their investments. Moreover, Fuller supposedly breached a fiduciary duty, placing his interests ahead of the clients’ interests with regard to private placement transactions. Finally, the clients suggested that Fuller made unauthorized trades and that he violated an investment agreement. For this reason, the clients demanded compensatory relief of $6,645,956 in this ongoing matter.

Spartan Capital Client Suggests That Fuller Did Not Follow Instructions

In a second dispute from 2013, a Spartan Capital Securities client complained about Joseph Fuller’s OTC trades. Mainly, Fuller allegedly failed to follow the client’s instructions. Because of this, the client claims that Fuller caused the client to experience more than $12,000 in losses. Evidently, Spartan Capital Securities compensated the client to resolve this dispute.

Cape Securities, Fordham Financial Management Part Ways With Joseph Fuller For Misbehavior

Notably, in 2016, Joseph Fuller’s employer Cape Securities permitted him to resign. Apparently, at the time of his resignation, the securities firm suspected that he made unauthorized trades in clients’ accounts. Also, employer Fordham Financial Management disaffiliated with Fuller in 2007 for, among other things, allegedly stealing account records and company property and gaining unauthorized access to its offices.

Losses From Trusting In Joseph Fuller?

Have you experienced losses by investing with securities broker Joseph Fuller? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel in regard to possibly recovering your investment losses. Soreide Law Group represents clients on a contingency fee basis and will advance all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Fuller and their employing brokerage firms.