Soreide Law Group is investigating potential investor claims of sales practice violations by securities broker Robert Stefanelli [CRD#: 2566917, New York, New York]. Notably, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that four investors took aim at the securities broker, who associated with Alexander Capital since May 4, 2012. Notably, clients of Alexander Capital suggest that Stefanelli, among other things, churned their accounts and caused their losses. The following contains a summary of some alarming disclosures concerning Stefanelli:
Evidently, a client of Alexander Capital contested Robert Stefanelli in FINRA Arbitration Claim #: 18-01435 dated April 19, 2018. Allegedly, Stefanelli churned or excessively traded the client’s account so that he could maximize commissions. It appears that the securities broker also seemingly failed to take into account the client's investment profile when making stock trades. Stefanelli purportedly caused the client to sustain losses because of his unsuitable transactions. For this reason, Alexander Capital agreed to settle the client’s dispute on July 31, 2019 through paying the client $14,900.
Notably, a second client of Alexander Capital contested Robert Stefanelli according to FINRA Arbitration Claim #: 16-03517. Supposedly, Stefanelli pushed the client towards making or approving of excessive trades for the client’s account. Allegedly, the securities broker also used margin to make equity trades which caused the client to experience losses. As a result, Alexander Capital agreed to settle this claim on January 25, 2017 through paying the client $14,900.
Two prior investor disputes involving Stefanelli allege negligence and unauthorized trading. It appears that both of those claims settled through payments to clients. Have you experienced losses by investing with Robert Stefanelli? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities brokers and financial advisors.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
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An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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