Fortune Stephen Macri (CRD #5751599) Has Employment Separation and Customer Dispute Disclosures on FINRA BrokerCheck

Fortune Stephen Macri (CRD #5751599) is a broker with an employment separation disclosure and a customer dispute disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on April 10, 2026. It reflects two disclosure events. If you invested with Fortune Macri and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

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

On January 28, 2026, JPMorgan Chase Bank, N.A. discharged Fortune Macri. Fortune Macri’s FINRA BrokerCheck report says the firm lost confidence after determining he engaged in transactions intended to meet eligibility for a revenue-target incentive. It also says he instructed support staff to give inaccurate information about the type of an investment product to a client. BrokerCheck states the matter was not related to any known customer complaints.

Investor Disputes / Customer Complaints

Fortune Macri’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 23, 2021, a FINRA arbitration claim alleged unauthorized trading involving equity investments from February 2019 to December 2020. The claimant sought $488,000 in damages. Fortune Macri’s FINRA BrokerCheck report shows the matter was denied on April 13, 2023. His Broker Statement says he was not named in the complaint and had no involvement because he left Morgan Stanley in May 2020.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires a broker to consider the customer’s investment profile. A dispute about unauthorized trading or unsuitable activity can raise questions about whether trades matched that profile.

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

FINRA Rule 2010 requires high standards of commercial honor and just and equitable principles of trade. A disclosure involving inaccurate information to a client can raise concerns under that standard. The rule is broad and often appears when conduct is said to fall short of fair dealing.

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, Fortune Macri:

Is currently registered with Janney Montgomery Scott LLC.

Has passed the Securities Industry Essentials (SIE) exam. Fortune Macri has also passed Series 31, Series 7, and Series 66.

Was previously registered with firms that include J.P. Morgan Securities LLC, J.P. Morgan Private Wealth Advisors LLC, First Republic Securities Company, LLC, and Morgan Stanley.

Kurta Law Can Help

If you worked with Fortune Macri and have concerns about the handling of your account, 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 Attorney | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. The 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.