Alessandro Spinetta Suspended by CME Group

Alessandro Spinetta (CRD #: 2235663), a broker registered with Morgan Stanley, was suspended by CME Group, according to his BrokerCheck record, accessed on May 13, 2025. If you have questions about his alleged conduct as a broker, keep reading.

Suspension by CME Group

On February 28, 2025, the Panel of the Chicago Mercantile Exchange (CME) Business Conduct Committee allegedly found that Alessandro Spinetta violated CME Rule 534 by entering buy and sell orders in currency futures that, in part, traded against each other. These orders were allegedly entered for accounts with common beneficial ownership in order to hedge their currency exposure.

Alessandro Spinetta was fined $30,000 and suspended from direct or indirect access to certain markets and trading floors owned or controlled by CME Group. His suspension ran from February 28 to March 6, 2025.

CME Rule 534

CME Rule 534 prohibits placing buy and sell orders for the same product against each other, known as wash trades, in order to give the appearance of legitimate market activity.

Background Information

Alessandro Spinetta has passed the following exams:

• Securities Industry Essentials Examination – SIE
• National Commodity Futures Examination – Series 3
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66
• Uniform Securities Agent State Law Examination – Series 63

Alessandro Spinetta is a registered broker in 30 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Connecticut, New York, Pennsylvania, and Texas.

He has also worked for Citigroup Global Markets (CRD#:7059) and Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691).

Kurta Law Can Help

If you worked with Alessandro Spinetta and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.