Tory Duggins Of Spartan Capital Securities Barred By FINRA For Failure To Testify

Investors potentially incurred losses because of securities broker Tory Duggins [CRD: 4556340, New York, New York], and FINRA barred him, given the public information found on FINRA BrokerCheck. Duggins worked for Spartan Capital Securities LLC from February 29, 2016, to January 31, 2024. See below to find out more about Duggins’s disclosures.

FINRA Sanctioned Duggins For Failure To Testify In Investigation Into Potential Churning And Excessive Trading

Evidently, on July 6, 2026, FINRA issued Case: 2025084815701 sanctioning Tory A. Duggins. Specifically, Duggins was permanently barred from associating with any FINRA member firm in any capacity. Notably, FINRA alleged that Duggins did not provide testimony concerning an investigation into possible churning and excessive trading in investor accounts while registered with Spartan Capital Securities.

According to the decision, Duggins initially supplied documents and financial information requested by FINRA. Regulators later sought an interview so they could question him about trading conducted while he was associated with Spartan Capital Securities.

FINRA arranged three interview dates: October 30, November 19, and December 4, 2025. Duggins did not attend the interviews or arrange new dates, according to the regulator.

FINRA filed its complaint on January 21, 2026. After Duggins did not answer it, a Hearing Officer treated the allegations as admitted and determined that his nonappearance violated FINRA Rules 8210 and 2010. FINRA concluded that it could not fully examine the suspected trading activity without his testimony. A permanent bar became effective when the decision became final on July 6, 2026.

Tory Duggins Sanctioned By FINRA For Excessive Trading

Previously, FINRA issued Case: 2018056490309 on January 19, 2024, sanctioning Tory Duggins with an 18-month suspension in all capacities. Allegedly, Duggins recommended excessive trades and failed to disclose a written investor complaint on his Form U4. Therefore, Duggins was suspended from February 20, 2024, to August 19, 2025. FINRA imposed no monetary penalty because of his financial condition.

Without admitting or denying the findings, Duggins agreed to FINRA’s settlement. FINRA found that eight investors, including some senior investors, generally followed his recommendations. The regulator determined that the volume and cost of trading did not fit their investment profiles.

The transactions generated $444,176 in costs, including $343,416 in commissions, and resulted in $235,494 in realized losses. FINRA also stated that Duggins received an email in which an investor complained about excessive trading and requested $17,500. According to the findings, he did not send the complaint to his firm’s compliance department or report it on his Form U4.

Avenir Investor Accused Duggins Of Unsuitable Advice And Breach Of Fiduciary Duty

Additionally, an Avenir Financial Group client filed FINRA Arbitration No. 16-02935 about Tory Duggins. Primarily, the client alleged that Duggins breached his fiduciary duty, made unsuitable recommendations, and engaged in margin misuse. The claim also included failure to supervise allegations. Because of this, the client allegedly sustained damages in connection with stocks. Consequently, on June 8, 2017, a FINRA Arbitration Panel issued an Award ordering Duggins to pay the client $26,127 in compensatory damages.

Were You Impacted By Securities Broker / Financial Advisor Tory Duggins?

Did you experience losses because of Tory Duggins? Get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Duggins and brokerage firms Duggins worked for deny accusations of sales practice violations.