Joseph O’Shea, a former stockbroker with associated with Spartan Capital Securities was sanctioned and permanently barred from association with any member in any capacity, for churning or excessively trading customer accounts. Letter of Acceptance, Waiver, and Consent No. 2025084815601.
According to FINRA, O’Shea failed to provide on-the-record testimony as requested by FINRA in connection with its investigation into “potential excessive trading in his Spartan customers’ accounts.”
FINRA Rule 8210 provides that as a condition of membership and registration with FINRA, associated persons are required to provide testimony as to any inquiry or with respect to matters under its investigation. The failure to provide information, including documents or testimony is a violation of Rule 8210 and Rule 2010, based upon the failure to “observe high standards of commercial honor and just and equitable principles of trade.” Accordingly, FINRA barred O’Shea from associating with any member firm in all capacities.
The Guiliano Law Group, P.C.
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