Frederick Cammarano is the Subject of a FINRA Investigation

Frederick Cammarano (CRD #: 2277307), a broker registered with Spartan Capital Securities, is the subject of a FINRA investigation. This is according to his BrokerCheck record, accessed on August 5, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investigation 

On June 12, 2024, FINRA made a preliminary determination to recommend disciplinary action be brought against Frederick Cammarano. This follows allegations that he failed to supervise which allegedly resulted in excessive trading and churning. 

Excessive Trading

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.” 

Failure to Supervise 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. Their systems of supervision should be able to catch unsuitable recommendations. 

Background Information 

Frederick Cammarano has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• Series 52TO Municipal Securities Representative Examination 
• Series 99TO Operations Professional Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 53 Municipal Securities Principal Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in 40 states, Puerto Rico, and D.C. 

During his 22 years of experience, Frederick Cammarano has registered with nine firms. These are the five most recent: 

• Spartan Capital Securities (CRD #: 146251) 
• Aegis Capital Corp. (CRD #: 15007) 
• John Thomas Financial (CRD #: 40982) 
• Global Arena Capital Corp (CRD #: 16871) 
• Prestige Financial Center (CRD #: 30407)  

Kurta Law Can Help 

If you have worked with Frederick Cammarano 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.