Advisor Alert: Our Attorneys Are Investigating Joseph Kelly For Investment Fraud
Did You Lose Money Because of Joseph Kelly?
Filed: January 16, 2024
Joseph Kelly (also known as Joe Kelly) has been the subject of four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Joseph Kelly.
Who Is Joseph Kelly of Spartan Capital Securities?
- Advisor Name: Joseph Kelly
- Aliases: Joe Kelly
- CRD: 4560737
- Location: New York, New York
- Current Employer: Spartan Capital Securities
- Previous Firms: PHX Financial, Inc. and National Securities Corporation
- Number of Known Customer Complaints: 4
- Can Joseph Kelly Be Sued: Yes, in Private Arbitration
- Can Joseph Kelly’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,082,641
- Highest Settlement: $225,365
If you have suffered investment losses by Joseph Kelly, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Joe Kelly For Broker Misconduct
As of this publication date, Joseph Kelly has been the subject of 4 customer disputes. Let’s review them below.
In December 2022, a complaint was filed against or in reference to Joseph Kelly by a customer of Spartan Capital Securities alleging that Mr. Kelly conducted a UT on an option by sending a complaint to the SEC. Per the customer, he/she lost over $7,500 because of Mr. Kelly’s actions.
In January 2020, a FINRA arbitration was filed against or in reference to Joseph Kelly by a customer of Spartan Capital Securities alleging misrepresentation and unsuitable recommendations. Per the customer, he/she lost over $529,411 because of Mr. Kelly’s actions. On February 22, 2022, Mr. Kelly settled the claim for $94,750, and some or all of this amount may have been paid by Mr. Kelly’s employer and/or insurance carrier.
In September 2018, a FINRA arbitration was filed against or in reference to Joseph Kelly by a customer of Spartan Capital Securities alleging unsuitable investments, losses in investments, and churning. Per the customer, he/she lost over $1,082,641 because of Mr. Kelly’s actions. On December 16, 2021, Mr. Kelly settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Kelly’s employer and/or insurance carrier.
In April 2016, a FINRA arbitration was filed against or in reference to Joseph Kelly by a customer of Spartan Capital Securities alleging misrepresentations and excessive trading. Per the customer, he/she lost over $450,000 because of Mr. Kelly’s actions. On November 1, 2017, Mr. Kelly settled the claim for $225,365, and some or all of this amount may have been paid by Mr. Kelly’s employer and/or insurance carrier.
How To File A Claim Against Joe Kelly of Spartan Capital Securities (previously with PHX Financial, Inc. and National Securities Corporation) To Get Your Money Back.
If you have questions about Joseph Kelly, Spartan Capital Securities, PHX Financial, Inc., National Securities Corporation, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.