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Nicholas Buttler is the Subject of a Six-Figure Investor Dispute

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 14, 2025 at 1:47pm

Nicholas Buttler (CRD #: 7080008), a broker registered with Spartan Capital Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 14, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Dispute 

On June 9, 2025, an investor alleged that Nicholas Buttler engaged in unsuitable trading activity, executed unauthorized transactions, and charged excessive commissions. The investor is seeking $200,000. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Unsuitable Investments 

Securities may be unsuitable because they are high-risk or illiquid, leading to losses for the investor. They may also be quantitatively unsuitable, meaning that the broker executed an excessive number of trades, cutting into the clients’ returns with trading fees.

Background Information 

Nicholas Buttler has passed the following exams: 

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

He is a registered broker in 16 states. 

Kurta Law Can Help

If you worked with Nicholas Buttler 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. 

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