Alex Caratelli (CRD #6626210) Has an Employment Separation Disclosure on FINRA BrokerCheck

Alex Caratelli (CRD #6626210) is a broker with an employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on February 18, 2026. It reflects one employment separation. If you invested with Alex Caratelli and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Alex Caratelli’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the separation is below:

According to Alex Caratelli’s FINRA BrokerCheck report, Key Investment Services LLC discharged him on December 2, 2025. The report states the allegations involved violations of internal policies and procedures regarding document integrity. BrokerCheck lists the product type as no product. A separate BrokerCheck entry reported by Caratelli lists a discharge date of January 2, 2026 and the same allegation.

Rule Summary #1: FINRA Rule 4511 (General Requirements)

FINRA Rule 4511 requires member firms to make and preserve required books and records. Issues involving document integrity can raise questions about how records were created, maintained, and supervised.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 is a broad ethics rule. It requires firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Alex Caratelli:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Alex Caratelli has passed Series 7TO and Series 6. He has also passed Series 66 and Series 63.

Was previously registered with firms that include Key Investment Services LLC, HSBC Securities (USA) Inc., and Citizens Securities, Inc.

Kurta Law Can Help

If you have worked with Alex Caratelli and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.