Michael Venturino Of Spartan Capital Securities LLC Barred By FINRA For Excessive Trading

Investors potentially experienced sales practice violations by securities broker Michael Christopher Venturino [CRD: 5872439, Dix Hills, New York], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Venturino worked for Spartan Capital Securities LLC from April 17, 2018, to February 2, 2023, Trident Partners Ltd. from July 1, 2017, to April 12, 2018, and Aegis Capital Corp. from June 13, 2014, to July 28, 2017. Keep reading to find out more about the disclosures involving Venturino and allegations concerning his securities-related conduct.

FINRA Sanctioned Venturino For Unauthorized Trading And Churning

Evidently, on April 7, 2026, FINRA issued Case: 2021070337501 sanctioning Michael Venturino. Specifically, Venturino was permanently barred from associating with any FINRA member firm in any capacity. Notably, FINRA alleged that Venturino engaged in unauthorized trading, excessive trading, and churning in client accounts.

FINRA’s Allegations Against Michael Venturino

According to FINRA’s National Adjudicatory Council decision, regulators determined that Venturino traded in client accounts without obtaining authorization from the account holders. FINRA further alleged that he excessively traded and churned those accounts between July 2014 and June 2017 while associated with Aegis Capital Corp. Regulators stated that this conduct violated FINRA Rules 2010, 2020, and 2111, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5.

FINRA explained that the disciplinary action stemmed from a 2016 examination of Aegis Capital Corp. and a subsequent investigation into elevated trading activity in client accounts handled by certain representatives, including Venturino. Enforcement alleged that Venturino carried out 174 unauthorized trades involving accounts belonging to multiple clients over a period exceeding two years.

Findings Concerning Excessive Trading And Churning

FINRA stated that Venturino allegedly executed hundreds of transactions in client accounts and generated substantial commissions, markups, and markdowns from the activity. According to regulators, the affected client accounts experienced elevated turnover rates and cost-to-equity ratios that allegedly made profitability difficult for investors.

The decision stated that clients allegedly paid approximately $252,266 in trading costs and suffered approximately $412,775 in losses tied to the trading activity. FINRA further alleged that Venturino generated more than $144,000 in compensation connected to the transactions at issue.

Sanctions Imposed By FINRA

The Hearing Panel found that Venturino committed violations involving six accounts belonging to four Aegis clients. FINRA affirmed those findings on appeal and upheld separate industry bars for unauthorized trading and for excessive trading and churning.

Spartan Capital Securities Investor Accused Michael Venturino Of Unsuitable Advice And Breach Of Fiduciary Duty

Particularly, a Spartan Capital Securities LLC and Aegis Capital Corp. client filed FINRA Arbitration No. 20-01455 about Michael Venturino. Primarily, the client alleged that Venturino churned accounts, breached his fiduciary duty, recommended unsuitable investments, breached a contract, and acted negligently. For this reason, the client allegedly experienced damages. Therefore, on August 5, 2022, Spartan Capital Securities LLC settled this matter by paying the client $350,000.

Venturino Disclosed Unauthorized Trading And Breach Of Contract Allegations By Trident Partners Ltd. Client

Also, a client of Trident Partners Ltd. disputed Michael Venturino’s sales practices by filing FINRA Arbitration No. 23-00243. Allegedly, Venturino engaged in unauthorized trading, made omissions, breached his fiduciary duty, breached a contract, engaged in churning, made unsuitable recommendations, acted negligently, failed to supervise certain representatives, and made misrepresentations. It appears that Venturino allegedly caused the client to incur damages on stocks. As a result, Trident Partners Ltd. agreed to settle the matter on March 14, 2023, by compensating the client in the amount of $16,000.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Michael Venturino?

Do you need clarity on any investment losses relating to Michael Venturino? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of individuals throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Venturino and brokerage firms Venturino worked for deny allegations of sales practice violations.