DID TORY A. DUGGINS CAUSE YOU INVESTMENT LOSSES?
Tory Duggins Formerly With Spartan Capital Securities, LLC Has 4 Customer Complaints For Alleged Broker Misconduct
Who is Tory Duggins formerly Spartan Capital Securities, LLC?
Tory Duggins (CRD #4556340) who was formerly registered with Spartan Capital Securities, LLC and located in New York City, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Spartan Capital Securities, LLC, Tory Duggins was associated with VFinance Investments and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. Tory Duggins has had his own regulatory problems. Earlier this year. He was suspended for 18 months by FINRA for allegedly violating Regulation Best Interest by recommending a series of excessive trades to customers, some of whom were seniors. The findings stated that his customers relied on his advice and routinely followed his recommendations which resulted in high cost-to-equity ratios and turnover rates that were well above the traditional guideposts of 20% and 6, respectively, as well as significant losses and the customer’s accounts. In so doing, he generated over $343,000 in commissions and because over $235,000 and realized losses customer’s accounts. He was previously suspended by FINRA on 2 other occasions for violating its rules.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Tory Duggins Customer Complaints
Tory Duggins has been the subject of 4 customer complaints that we know about seeking to recover investment losses. One customer complaint evolved in a FINRA arbitration and award entered in favor of the investor for his alleged misconduct. Two more customer complaints were settled by VFinance Investments in favor of the investors. The same brokerage firm denied another customer complaint and the investor took no further action.
Allegations Against Tory Duggins
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Excessive trading, unauthorized trading, and excessive commissions.
- Excessive trading and commissions.
- Unauthorized trading.
Tory Duggins Red Flags & Your Rights As An Investor
Of course, Tory Duggins did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Tory Duggins at Spartan Capital Securities, LLC on alert to review carefully the activity and performance of their accounts and question whether Tory Duggins has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Spartan Capital Securities, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Spartan Capital Securities, LLC Due To Tory Duggins
If you have questions about Spartan Capital Securities, LLC and/or Tory Duggins and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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