Joseph Kelly (also known as Joe Kelly) of New York New York a stockbroker currently associated with Spartan Capital Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $23,695.00 in damages supported by allegations of misrepresentation and bad investment recommendations by Kelly during the period in which he was employed by Spartan Capital Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00805 (May 19, 2020).
FINRA Public Disclosure reveals that Kelly has been identified in three additional customer initiated investment related disputes concerning accusations of his wrongdoing when he was employed by Spartan Capital Securities. On November 1, 2017, a customer initiated investment related arbitration claim in reference to Kelly’s conduct was resolved for $225,365.00 in damages based upon accusations that trades were excessively effected in the Spartan Capital Securities customer’s account and that misrepresentations were made to the customer as it pertained to common and preferred stock transactions. FINRA Arbitration No. 16-00839.
On September 27, 2018, another customer filed an investment related arbitration claim involving Kelly’s conduct in which the customer requested $1,082,641.00 in damages based upon allegations that the customer’s account was churned. FINRA Arbitration No. 18-03407. The claim also alleges that common and preferred stock and over-the-counter equities transactions effected in the customer’s account were not suitable for the customer and had resulted in losses.
Kelly is also the subject of a customer initiated investment related arbitration claim where the customer sought $529,411.00 in damages founded on accusations that sales practice violations were committed by Kelly which resulted in losses to the Spartan Capital Securities customer. FINRA Arbitration No. 19-03740 (Jan. 28, 2020).
Kelly has been employed by Spartan Capital Securities since January 13, 2017.
