The Financial Industry Regulatory Authority (FINRA) has sanctioned former LPL Financial broker Kyle Ray Critcher (CRD #7351555) after finding he negligently misrepresented the nature of investments he recommended to senior customers. According to FINRA, Critcher falsely described corporate bonds as FDIC-insured certificates of deposit (CDs), a misstatement that materially altered the risk profile of the [...]

Early redemptions of Unit Investment Trusts can significantly increase investor costs, particularly when proceeds are rolled into new products that carry additional sales charges. A recent Financial Industry Regulatory Authority (FINRA) enforcement action against Carter, Terry & Company, Inc. (CRD #16365) focuses on whether the firm’s supervisory systems were equipped to identify and address those [...]

The Financial Industry Regulatory Authority (FINRA) has taken disciplinary action against David J. Taddeo (CRD #1163829), a former broker associated with LPL Financial. According to FINRA, the action resolves allegations that Taddeo participated in undisclosed private securities transactions involving firm customers and later settled related complaints outside the firm without disclosure. FINRA alleges the conduct [...]

The Financial Industry Regulatory Authority (FINRA) has issued a Letter of Acceptance, Waiver and Consent (AWC) against Keith M. Dagostino (CRD #2837860), resolving allegations that he made unsuitable investment recommendations to retired and senior investors in violation of Regulation Best Interest (Reg BI). According to FINRA, the alleged misconduct occurred between July 2020 and June [...]

The Financial Industry Regulatory Authority (FINRA) has filed a new disciplinary complaint against Spartan Capital Securities, LLC and several members of its supervisory leadership — Kim M. Monchik (CRD #2528972), Frederick Joseph Cammarano III (CRD #2277307), James Pecoraro (CRD #2440231), John Stapleton (CRD #2791194) and Michael Darvish (CRD #3243141) — alleging systemic failures to supervise [...]

RBC Capital Markets broker Paul R. Meyer (CRD #3062534) has agreed to a six-week suspension and a $5,000 fine after the Financial Industry Regulatory Authority (FINRA) alleged that he placed 334 unauthorized discretionary trades in customer accounts. The allegations were resolved through a Letter of Acceptance, Waiver and Consent (AWC), which states that the trades [...]

A new chapter has opened in the ongoing regulatory scrutiny of Spartan Capital Securities. On November 24, 2025, the Financial Industry Regulatory Authority (FINRA) filed Disciplinary Proceeding No. 2021069218305, naming the firm (CRD #146251), its Chief Executive Officer (CEO) John Lowry (CRD #4336146) and its Chief Administrative Officer (CAO) Kim Monchik (CRD #2528972). The complaint [...]