Brian Sodol Subject of a $1.6 million Dispute

Brian Sodol (CRD #: 2760345), a broker registered with CitiGroup Global Markets, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on July 15, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On June 21, 2024, an investor alleged that Brian Sodol failed to timely execute the sale of $1.6 million in subscription rights in a certain company’s stock before the rights expired. The investor alleged the failure amounted to a breach of fiduciary duty, negligence, and negligent supervision by CitiGroup Global Markets. 

The investor is seeking $1.6 million. 

What is Broker Negligence? 

Negligence covers a variety of broker misconduct, including a failure to conduct due diligence. Investors who believe their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Background Information 

Brian Sodol has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 57TO Securities Trader Exam 
• Series 62 Corporate Securities Limited Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 55 Limited Representative-Equity Trader Exam
• Series 7 General Securities Representative Examination
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 41 states, D.C., Puerto Rico, and the Virgin Islands. He is a registered investment adviser in New Jersey and New York. 

During his 25 years of experience, Brian Sodol has registered with 14 firms. These are the five most recent: 

• CitiGroup Global Markets (CRD #: 7059) 
• M&T Securities (CRD #: 17358) 
• HSBC Securities (USA) (CRD #: 19585) 
• Chase Investment Services (CRD #: 25574) 
• IFMG Securities (CRD #: 14416) 

Kurta Law Can Help 

If you have worked with Brian Sodol and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.