John M. Cullen of Garden City New York a stockbroker currently registered with Spartan Capital Securities is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $336,948.00 in damages based upon accusations that Cullen provided unsuitable recommendations to the customer during the time that Cullen was associated with Spartan Capital Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03740 (Jan. 28, 2020). The claim alleges misrepresentation by Cullen.
Cullen has been identified in two additional customer initiated investment related disputes regarding allegations of his misbehavior when he was registered with Andrew Garrett Inc. FINRA Public Disclosure reveals that a customer initiated investment related complaint regarding Cullen’s activities was resolved for $39,000.00 in damages supported by accusations that the stockbroker made excessive trades of over-the-counter equities in the customer’s account. The complaint alleges that trades were not suitable for the customer.
Cullen is referenced in another customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages founded on allegations that the customer’s account had been overconcentrated in stocks by Cullen at Spartan Capital Securities and Andrew Garrett. FINRA Arbitration No. 16-00501 (Nov. 30, 2017). According to the claim, the customer had been charged high commissions by Cullen.
Cullen has been registered with Spartan Capital Securities since June 24, 2013.
