Soreide Law Group can help individuals with financial losses because of Spartan Capital Securities LLC's Murat Kartal (also known as Marc Kartal) [CRD#: 6346419, New York, NY]. Murat Kartal received a FINRA suspension due to unsuitable and excessive trading in a client's account.
FINRA Sanctioned Kartal For Unsuitable And Excessive Trading
Evidently, on July 17, 2023, FINRA issued Case: 2018056490306. Notably, FINRA alleged that Kartal engaged in trading that was not suitable. It was also allegedly excessive for the client's needs.
Kartal supposedly managed a client's account in a way that did not match the client's financial situation. This trading ultimately led to losses. Notably, Kartal's trading approach caused the client to incur over $206,000 in total trading costs, which included $189,446 in commissions, and the client suffered $51,959 in losses.
Client Relied On Murat Kartal's Recommendations
Also, the client often followed his recommendations, which supposedly resulted in frequent trading that did not match up with the client's age and investment profile. For this reason, FINRA issued a suspension for ten months. FINRA often punishes brokers for inappropriate trading.
Seek Legal Help If You Have Suffered Losses From Murat Kartal
Did you experience losses because of Murat Kartal? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Kartal and brokerage firm Spartan Capital Securities LLC deny accusations of sales practice violations.
