Carlos Arturo Hurtado (also known as Carl Arthurs and as Carlos Arthurs) of New York New York a stockbroker formerly registered with Spartan Capital Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to cooperate with a FINRA investigation into accusations of his private securities transactions. Letter of Acceptance Waiver and Consent No. 2021071002501 (June 22, 2021).
According to the AWC, Hurtado was under investigation for potentially selling away from his securities broker dealer employer. On May 25, 2021, he was notified by FINRA about their investigation into his activities. Hurtado was prompted to provide recorded testimony in regard to activities that he may have engaged in outside of the auspices of Spartan Capital Securities or his former securities broker dealer employers including JH Darbie Co. Inc.
The AWC stated that on June 14, 2021, Hurtado told FINRA that he knew it had asked him to make an appearance and testify. He told the regulator that he would not cooperate in its investigation. FINRA found Hurtado to have violated Rules 2010 and 8210 for his refusal to cooperate.
FINRA Public Disclosure additionally reveals that Hurtado was discharged by former securities broker dealer employer JP Morgan Securities founded on allegations of him maintaining customer-signed documents that were otherwise incomplete. JP Morgan Securities alleged that customers’ documents were altered by Hurtado without them confirming his changes.
Hurtado was associated with Spartan Capital Securities between April of 2018 and June of 2021.
