Spartan Capital Securities LLC Broker Jordan Meadow is currently under investigation due to allegations of misconduct from previous clients. According to complaints from number of clients, Meadow used forceful sales techniques and provided bad investment advice which cost individuals lot of money. While Meadow and Spartan Capital contest any misconduct, regulators are looking into these allegations. Lessons about choosing financial advisors with due diligence can be learned from this situation.

Background on Spartan Capital Securities LLC Broker Jordan Meadow

Spartan Capital Securities is a New York based broker dealers firm with over 100 registered representatives and 15 branch offices. Spartan Capital Securities LLC Broker Jordan Meadow has been in business since 2001.

Jordan Meadow has worked for Spartan Capital Securities Lawsuit since 2015 and been one of its top producing brokers and generating over $10 million in some years.

Meadow has worked for many other brokerage firms since starting the industry in 1998. He already had customer disputes on his record when he came to Spartan Capital.

Allegations of Unsuitable Recommendations and High Pressure Sales

Former clients of Meadow allege he recommended overly risky, speculative investments that were unsuitable for their needs.

Meadow is specifically accused of tricking elderly investors into costly oil and gas limited partnerships and other private placements which lost value.

Clients say he used high pressure, manipulative sales tactics to convince them to invest large amount against their interest.

Meadow Broker Check profile shows four customer disputes alleging over $2 million in aggregate losses from his recommendations.

FINRA Investigation Regarding Misconduct

Financial Industry Regulatory Authority investigating the complaints from Jordan Meadow customers regarding inappropriate investments and misconduct. If violations are discovered from these investigations may result in punishments such as censures, fines and licence suspensions but the results will be determined by FINRA’s ongoing investigative work.

Spartan Capital Failure to Supervise?

Spartan Capital is also accused of compliance failures, in addition to Meadow alleged misconduct and Critics argue that the company needs to have recognized warning signs sooner and reduced Meadow’s excessively aggressive sales strategies. Brokerage firms have responsibility to monitor brokers and protect client interests through supervision.

Meadow and Spartan Reject Allegation

Jordan Meadow denies all customer allegations in written responses and claiming the investments simply declined due to broader market forces. Spartan Capital Securities Jordan Meadow also denies any failure to reasonably supervise Meadow and maintains that he acted properly. Spartan Capital firm and Meadow maintain their innocence as they await results of the FINRA investigation.

Lessons for Investors on Broker Due Diligence

• The Meadow case highlights the importance of carefully reviewing brokers before making investments.
• Potential problems can be avoided by looking up disclosures on BrokerCheck, reading online reviews and talking clearly.
• You can avoid being fooled by the advice of single advisor by asking questions and diversifying.
• Brokers who have history of disciplinary actions or who use pushy sales techniques should be avoided by investors.

Spartan Capital Securities Lawsuit Works Continue

Spartan Capital is still operating normally for the time being but its reputation has suffered. The company needs to evaluate its compliance leadership. While additional disciplinary actions are taken Meadow professional is impasse. But his reputation has already taken hit from allegations. When dealing with brokers like Meadow who raise red flags as well as Spartan Capital clients must proceed with caution.

Conclusion

The allegations made against Spartan Capital Securities LLC Broker Jordan Meadow should act as alert for investors to carefully investigate brokers and look for advice from variety of sources before making any financial decisions. While Meadow and Spartan refute any misconduct allegations generate attention to potential effects of broker misbehaviour and insufficient supervision. The best defences for investors are still caution and diligence.

Frequently Asked Questions

How much money is involved in the allegations?

Records show that Meadow has four customer disputes regarding his BrokerCheck report each claiming that the wrong advice caused losses for more than $2 million.

How has Spartan Capital Securities Responded?

Meadow and the Spartan Capital Securities Lawsuit have refuted allegations of misconduct. According to the firm Meadow behaved correctly and carried out its supervisory duties.

Is Spartan Capital Securities still in business?

Yes, Spartan Capital is still running its regular business. But allegations against Meadow and the investigation to company supervision procedures have harmed the firm reputation.