FINRA: New York Firm Missed 'Glaring Red Flags' of Churning

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A New York-based brokerage firm missed “glaring red flags” of churning by its reps that generated about one-third of the firm’s overall revenue, impacting 114 accounts that suffered millions of dollars in total investment losses. Spartan Capital Securities was registered with FINRA in 2008 and has approximately 80 registered representatives working out of its headquarters in New York City, as wel ...