Spartan Capital Stockbroker Tory Duggins Suspended by FINRA

NEW YORK, NY     Did you lose money with financial advisor Tory Duggins, with Spartan Capital Securities in New York, New York?  Our investment fraud law firm is reviewing claims made by FINRA against Tory Duggins.  In January 2024, FINRA suspended him from the securities industry for 18 months.

FINRA’s AWC alleges that he excessively traded eight customers’ accounts in a span between December 2016 and April 2022.  His trading generated over $343,000 in commissions while generating trading losses of $444,000.  The accounts had cost-to-equity ratios ranging from 58% to 289%.  An account with a 58% cost-to-equity ratio would need to earn a profit of 58% just to break even from the costs of trading.

From February 2016 to January 2024, Tory A. Duggins was a representative of Spartan Capital Securities.  He worked in a New York City office.  He was also the subject of four customer complaints and six tax liens or judgments.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in New York.  We also have previously represented over one thousand investors against multiple securities brokerage firms around the country.

View FINRA AWC HERE.

 View BrokerCheck Report HERE.

If you lost money with Tory A. Duggins or Spartan Capital Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.