Philip Marchese of New York, New York, a stockbroker formerly registered with Spartan Capital Securities LLC, has been suspended for twelve months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Marchese made unsuitable recommendations to a customer when Marchese was employed by Spartan Capital. Letter of…
In July 2017, Philip Marchese, of New York, New York, a stockbroker formerly registered with Legend Securities, Inc., was the subject of a customer initiated investment related arbitration claim seeking $825,000.00 in damages based upon allegations that he made investment based misrepresentations to the customer, violated the Minnesota Securities Act, breached his fiduciary and contractual…