KIERAN JOHN LOUGHRAN – Former Broker Suspended After FINRA Allegations – May Recover Investor Losses
Former SPARTAN CAPITAL SECURITIES, LLC broker, KIERAN LOUGHRAN Suspended After FINRA Allegations.
CRD#: 2826208
KIERAN JOHN LOUGHRAN (CRD#: 2826208), a former broker for SPARTAN CAPITAL SECURITIES, LLC in NEW YORK, NY, was suspended for three-months and fined $5,000.00 after the broker consented to FINRA sanctions.
According to Wahdy’s FINRA BrokerCheck report, Without admitting or denying the findings, Loughran consented to the sanctions and to the entry of findings that he excessively and unsuitably traded the account of one customer, a senior who was a farmer and business owner.
The findings stated that Loughran recommended high frequency in-and-out trading to the customer, even when the price of his recommended securities did not materially change. The customer relied on Loughran’s advice and routinely followed his recommendations, and as a result, Loughran exercised de facto control over the account.
Loughran’s trading in the customer’s account was excessive and unsuitable given the customer’s investment profile and his in-and-out trading in the customer’s account generated total trading costs of $49,633.24, including $43,495.37 in commissions, and caused $179,878 in total realized losses.
Former SPARTAN CAPITAL SECURITIES, LLC broker, KIERAN LOUGHRAN Suspended After FINRA Allegations.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 4/16/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.