John Joseph Stapleton, of Uniondale, New York, a stockbroker formerly registered with Craig Scott Capital, has been named in a customer initiated investment related arbitration claim on January 3, 2017, in which the customer requested $48,223.26 in damages based upon allegations that Stapleton effected unsuitable stock transactions in the customer’s account.
Craig Scott Capital however appears to have closed by Financial Industry Regulatory Authority (FINRA) a year earlier in January 2016.
John Joseph Stapleton is now seven. Seven of the last seven firms which Stapleton has been associated are defunct or have been otherwise expelled by regulators. #cockroach.
He is now associated with Spartan Capital Securities LLC.
FINRAPublic Disclosure reveals that on September 18, 2003, a customer initiated investment related written complaint involving Stapleton’s conduct was settled for $23,000.00 in damages based upon allegations that Stapleton, while registered with Continental Broker Dealer Corp., failed to disclose his margin use in the customer’s account, and made misrepresentations to the customer regarding an investment strategy’s risk factors.
Further, on November 21, 2013, a customer initiated investment related written complaint regarding Stapleton’s activities was resolved for $1,200,000.00 in damages based upon allegations that Stapleton, while associated with JHS Capital Advisors, made investment related misrepresentations to the customer, and effected unauthorized and unsuitable over-the-counter equity transactions in the customer’s account.
FINRA Public Disclosure additionally reveals that Stapleton was fined $10,000.00 and suspended from associating with any National Association of Securities Dealers (NASD) member in any capacity pursuant to a Decision & Order of Offer of Settlement containing findings that Stapleton committed securities fraud, and effected transactions in a customer’s account on an excessive basis. Department of Enforcement v. John J. Stapleton, No. E9B2003033501 (Aug. 10, 2005). The NASD found that Stapleton’s conduct was violative of NASD Conduct Rules 2310, 2110, 2120, and Securities Exchange Act of 1934 Section 10(b) and SEC Rule 10b-5.
Guiliano Law Group
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