Sandra Michelle Fantetti (CRD #3040036) Has an Employment Separation Disclosure on FINRA BrokerCheck

Sandra Michelle Fantetti (CRD #3040036) was previously registered as a broker and has an employment separation disclosure on FINRA BrokerCheck. We reviewed her BrokerCheck report on April 11, 2026. It reflects one employment separation disclosure. If you worked with Sandra Fantetti and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation

Sandra Fantetti’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the disclosure is below.

On February 17, 2026, Merrill Lynch, Pierce, Fenner & Smith Incorporated discharged Sandra Fantetti. Sandra Fantetti’s FINRA BrokerCheck report states the allegations involved forgery of a co-worker’s signature on a client document and alteration of client documents. BrokerCheck lists the product type as no product.

Rule Summary #1: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

This rule requires member firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. Conduct involving forged signatures or altered client documents can raise concerns under that standard.

Rule Summary #2: FINRA Rule 4511 (General Requirements)

This rule requires firms to make and preserve books and records required under FINRA rules and federal securities laws. When records are altered or signatures are not genuine, questions can arise about the accuracy and integrity of firm records.

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 her FINRA BrokerCheck report, Sandra Fantetti:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Sandra Fantetti has also passed Series 7, Series 66, Series 63, Series 9, and Series 10.

Was previously registered with firms that include Merrill Lynch, Pierce, Fenner & Smith Incorporated, Calton & Associates, Inc., and Raymond James & Associates, Inc.

Kurta Law Can Help

If you have worked with Sandra Fantetti and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. A securities attorney can help you assess potential causes of action and determine whether your losses may be recoverable through FINRA arbitration or other avenues. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Security Fraud

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