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Thomas Sapio Suspended by FINRA

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 5, 2025 at 12:38am

Thomas Sapio (CRD #: 1848346) has been suspended by FINRA. This is according to his BrokerCheck record, accessed on September 4, 2025. Keep reading if you have questions regarding his alleged conduct. 

Regulatory Action 

On June 30, 2025, Thomas Sapio entered into an Acceptance, Waiver, and Consent agreement (AWC), in which he consented to the findings that he failed to reasonably supervise two traders who allegedly inaccurately marked the value of their positions on their trading books to conceal from their member firm millions of dollars in unrealized losses. 

As part of the terms of the AWC, Thomas Sapio consented to a two-month suspension and a $5,000 fine. You can read a copy of the AWC here. 

Employment Separation After Allegations 

On June 16, 2025, NatWest Markets Securities permitted Thomas Sapio to resign for the same allegations regarding a failure to supervise. 

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 

Thomas Sapio has registered with the following firms: 

  • NatWest Markets Securities (CRD #: 11707) 
  • CF Secured (CRD #: 285841) 
  • Cantor Fitzgerald & Co. (CRD #: 134) 
  • Cantor Fitzgerald Securities (CRD #: 19660) 
  • Daiwa Securities America (CRD #: 1576) 
  • Aubrey G. Lanston & Co. (CRD #: 19695) 
  • Smith Barney (CRD #: 7059) 

Kurta Law Can Help

If you worked with Thomas Sapio 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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