UPDATE! Marc Reda of Spartan Capital Securities is BARRED

Israels & Neuman, PLC

Marc Reda, Formerly with Spartan Capital Securities, Barred from Securities Industry

NEW YORK, NY

We are continuing to look into the regulatory complaint made by FINRA, the Financial Industry Regulatory Authority, against Marc Reda. In 2021, FINRA brought an action, alleging that Reda made unsuitable recommendations by excessively trading (or churning) customers’ accounts. Reda had a strategy to trade ahead of corporate announcements, but FINRA deemed the trading to be too excessive. In 2022, FINRA barred Reda from the securities industry regarding these same allegations.

Marc Reda, from New York City, had been a financial advisor and registered representative of Spartan Capital Securities from May 2016 to March 2022. Reda has been the subject of 12 customer complaints and was permitted to resign by PHX Financial in 2016.

Spartan Capital Securities has a responsibility to adequately monitor the conduct of its stockbrokers and financial advisors. If a securities brokerage firm fails to adequately supervise their representatives, the firm may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm that represents investor in FINRA arbitration proceedings throughout the country, including investors in New York in the past. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

Click to view: Reda, m FINRA Complaint

Click to view: Reda, m FINRA Order

Click to view: Reda, m BrokerCheck 6.16.21

If you lost money with Marc Reda or Spartan Capital Securities, please Contact Us at (720) 599-3505 for a free evaluation of your case.

Topics

Client Reviews

What are past clients saying about Israels & Neuman, PLC?

View More
Submit a Law Firm Client Review

Aaron Israels was diligent, professional, knowledgeable and extremely thorough. My legal ordeal was quite cumbersome but Aaron was present, willing and ready to go the extra mile for me. I HIGHLY RECOMMEND, Israels and Neuman, PLLC for...

Kay H.

I have worked with many attorneys over the course of my career in both large and small businesses. Dave and Aaron are an outstanding legal team. I used Dave and Aaron for a personal situation that called for a hands on detailed approach. I found...

Fred S.

Aaron created our wills and offered solutions that made the process easy and pain free. We recently needed to amend our wills, and he made suggestions that made a better distribution that we had not thought of prior to meeting with him. He was...

Debra K.

I have worked with Aaron Israels for over eight years and can confidently say that he is the most honest and hard-working attorney I know. He not only gets results, but he also genuinely cares about his clients and colleagues. If you have a...

Tony E.

Mr. Aaron Israels set up our business by listening to us and creating a structure legal structure that was exactly what we wanted and needed. All of the work was set up in a binder for easy access to all information along with clear instructions...

Tom K.

Are You a Victim of Investment Fraud?

  1. 1 Free Confidential Consultation
  2. 2 Available 24/7
  3. 3 20+ Years of Experience
Fill out the contact form or call us at (616) 280-4303 to schedule your free confidential consultation.

Leave Us a Message