Published on:

Broker Complaints: Whitaker Securities (CRD# 121465)

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding the New York-based broker-dealer firm Whitaker Securities (CRD# 121465).

Formed in Delaware in 2002, Whitaker Securities is headquartered in New York City and registered in twenty-seven US states and territories. Thomas Edward O’Neill is Chief Executive Officer, President, and General Securities Principal; Rosalie Margaret Nicosia is Chief Compliance Officer, Chief Operating Officer, and General Securities Principal.

According to the firm’s BrokerCheck report, Whitaker Securities is the subject of six regulatory sanctions.

In 2012 the Financial Industry Regulatory Authority (FINRA) sanctioned Whitaker Securities following allegations failed to report order events to the order audit trail system (OATS), and failed to maintain a reasonable supervisory system to ensure order events would be reported. Whitaker Securities was censured and issued a fine of $15,000.

In 2009 FINRA sanctioned Whitaker Securities following allegations the firm failed to report information regarding municipal securities transactions to the real-time transaction reporting system (RTRS), as required by securities regulations. Whitaker Securities was censured and issued a fine of $10,000.

In 2009 FINRA sanctioned Whitaker Securities following allegations the firm failed to report information regarding municipal securities transactions to the RTRS. Whitaker Securities was censured and issued a fine of $10,000.

In 2008 FINRA sanctioned Whitaker Securities following allegations, among others, the firm failed to maintain and enforce a customer identification component of its anti-money laundering compliance program. Whitaker Securities was censured and issued a fine of $7,500.

In 2007 FINRA sanctioned Whitaker Securities following allegations the firm permitted an employee to act in a manner that required registration with FINRA, though the individual was not registered with FINRA in any capacity. Whitaker Securities was censured and issued a fine of $30,000.

In 2007 the National Association of Securities Dealers (NASD) sanctioned Whitaker Securities following allegations the firm failed to maintain a reasonable supervisory system related to the reporting of trace-eligible securities. The firm was issued a fine of $5,000.

If you have lost money investing with Whitaker Securities, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you recover money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.