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 [...]

Former Fort Lauderdale, Florida financial advisor Shomari Hearn (CRD# (https://www.google.com/url?q=https://adviserinfo.sec.gov/individual/summary/5026079&sa=D&source=editors&ust=1766341195965711&usg=AOvVaw1SXQzKi7ZQIlWzuhgUeBVR)5026079 (https://www.google.com/url?q=https://adviserinfo.sec.gov/individual/summary/5026079&sa=D&source=editors&ust=1766341195965863&usg=AOvVaw2_ENIkevB5VwKbj36djd0r)) was recently terminated from his former member firm in connection with alleged rule violations. Securities and Exchange Commission records show that Shomari Hearn is not currently registered with any investment advisory or broker-dealer firm. Mr. Hearn’s Investment Adviser Public Disclosure form discloses his termination [...]

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 [...]