Jesse Krapf Allegedly Engaged in Excessive Trading

Jesse Krapf (CRD #: 5467277), a previously registered broker with Spartan Capital Securities, is the subject of new investor disputes. This is according to BrokerCheck, accessed on August 4, 2025. Keep reading if you have concerns regarding your investments. 

Investor Disputes

On May 14, 2025, an investor alleged that Jesse Krapf recommended unsuitable investments and engaged in excessive trading. 

This is not the only dispute on his record alleging excessive trading. On disputes filed on April 2, 2025, and March 26, 2025, investors alleged that Jesse Krapf traded excessively in their accounts. 

Regulatory Action 

There is also a regulatory action on Jesse Krapf’s record concerning excessive trading. On November 18, 2024, Jesse Krapf entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to a suspension following allegations of excessive trading.

Between October 2019 and April 2022, Jesse Krapt allegedly recommended 58 transactions that resulted in $41,017 in total losses and $92,847 in commissions. 

As part of the terms of the AWC, Jesse Krapf consented to a five-month suspension. 

You can read a copy of the AWC here. 

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.” 

Background Information 

Jesse Krapf has passed the following exams: 

• Series 79TO Investment Banking Registered Representative Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

Jesse Krapf has registered with the following firms: 

• Spartan Capital Securities (CRD #: 146251) 
• Benchmark Investments (CRD #: 103792) 
• Newbridge Securities (CRD #: 104065) 
• Columbus Advisory Group (CRD #: 126331) 
• Legend Securities (CRD #: 44952) 
• IAA Financial (CRD #: 6578) 
• C.K. Cooper & Company (CRD #: 106578) 
• Aegis Capital Corp (CRD #: 15007) 
• Brookstone Securities (CRD #: 13366) 
• John Thomas Financial (CRD #: 40982) 
• Newbridge Securities Corporation (CRD #: 104065) 

Kurta Law Can Help

If you worked with Jesse Krapf and 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.