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John Stapleton Involved in Unsuitability Dispute

Apr 4, 2022 Unsuitable Investments

John Stapleton (CRD #: 2791194), a broker registered with Spartan Capital Securities, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 26, 2022. 

Investor Allegations

On December 20, 2021, John Stapleton was named in an investor dispute alleging unsuitability, breach of fiduciary duty, and breach of contract. The investor is seeking $350,000 一the case is still pending.

FINRA Rule 2111

"Unsuitability" is a term used to describe inappropriate recommendations and trades that are inconsistent with the customer's goals and investment profile. FINRA Rule 2111 requires that a broker recommend investments that suit a customer’s investment profile. A customer's investment profile consists of a wide range of individual characteristics, including the customer's:

  • Age
  • Financial situation and needs
  • Tax status
  • Investment objectives
  • Investment experience
  • Risk tolerance

If an investor suffers financial losses as a result of an unsuitable recommendation, the broker's firm may be liable for such losses.

Civil Liens

Between 2016 and 2017, John Stapleton was the subject of two civil liens totaling approximately $15,420.

Tax Liens

Between 2013 and 2014, John Stapleton was the subject of two tax liens amounting to approximately $118,269.74.

Background Information

John Stapleton has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

He is a registered broker in 19 states.

Besides Spartan Capital Securities, John Stapleton has also worked with the following firms: 

  • Craig Scott Capital (CRD#:155924)
  • Rockwell Global Capital (CRD#:142485)
  • JHS Capital Advisors (CRD#:112097)
  • Great Eastern Securities (CRD#:2061)
  • Gunnallen Financial  (CRD#:17609)
  • LH Ross & Company (CRD#:37920)
  • Continental Broker-Dealer Corp (CRD#:14048)

Kurta Law Can Help

If you have worked with John Stapleton and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or 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 and 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.