Danny Spiegel Suspended by SEC for Alleged Unregistered Broker Activity

Danny Spiegel (CRD #: 4191462), a broker previously registered with SA Stone Wealth Management, is facing a suspension by the SEC, according to his BrokerCheck record, accessed on February 28, 2025. Keep reading to learn more about his alleged conduct as a broker.

SEC Regulatory Action

On January 14, 2025, the Securities and Exchange Commission instituted cease-and-desist proceedings against Danny Spiegel, alleging that he acted as an unregistered broker between at least June 2019 and March 2020.

During this period, he allegedly solicited investors on behalf of StraightPath Venture Partners, an entity that offered privately-offered membership interests in limited liability companies (“StraightPath Funds”). These companies allegedly claimed to own shares of private issuers that were predicted to offer initial public offerings (IPOs) in the future.

Danny Spiegel allegedly solicited at least $6 million in investments in the StraightPath Funds from at least 80 investors, either directly or through other unregistered brokers. He allegedly received over $142,000 in compensation in connection with these transactions.

The SEC alleged that, by acting as an unregistered broker, Danny Spiegel violated Section 15(a) of the Securities Exchange Act of 1934.

Securities Exchange Act of 1934

Section 15(a) of the Securities Exchange Act of 1934 prohibits unregistered brokers and dealers from engaging in or inducing the purchase or sale of securities.

Sanctions

The SEC ordered Danny Spiegel to cease and desist from future violations of Section 15(a) of the Securities Exchange Act of 1934 and imposed the following sanctions:

• $40,000 fine
• Disgorgement of $142,083.01
• Additional monetary sanction of $33,790.76

The SEC also barred him from participating in penny stock offerings and from associating with the following:

• Brokers
• Dealers
• Investment advisers
• Municipal securities dealers
• Municipal advisors
• Transfer agents
• Nationally recognized statistical ratings organizations (NRSROs)

These bars will take effect on July 21, 2025, and end on January 20, 2026.

The SEC also ordered Danny Spiegel to comply with an unspecified undertaking.

Background Information

Danny Spiegel has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• SA Stone Wealth Management (CRD#:18456)
• Synergy Investment Group (CRD#:46035)
• Reuven Enterprises Securities Division (CRD#:140910)
• Meyers Associates, L.P. (CRD#:34171)
• Salomon Grey Financial Corporation (CRD#:43413)

Kurta Law Can Help

If you worked with Danny Spiegel 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.