Erez Law is currently investigating Newbridge Securities Corporation broker Jesse Krapf (CRD# 5467277) regarding investment losses. He was registered with Spartan Capital Securities, LLC in New York, New York, from 2019 to 2024, Benchmark Investments, Inc. in New York, New York, from February to October 2019, and Newbridge Securities Corporation in New York, New York, from 2016 to 2019.
Previously, he was registered with the following brokerage firms:
- Columbus Advisory Group, Ltd. in New York, New York (01/29/2015 – 03/25/2015)
- Legend Securities, Inc. in New York, New York (02/19/2014 – 01/22/2015)
- Iaa Financial Llc in Melville, New York (07/19/2013 – 03/12/2014)
- C.K. Cooper & Company, Inc. in Irvine, California (10/18/2012 – 07/01/2013)
In October 2024, FINRA suspended him for five months after he consented to the sanctions and to the entry of findings that he “willfully violated the Best Interest Obligation under Rule 15l-1 of the Securities Exchange Act of 1934 (Regulation BI) by recommending a series of trades in a senior customer’s account that were excessive, unsuitable, and not in the customer’s best interest.” FINRA found that he made recommendations to a client and that client followed his recommendations, thus exercising de facto control over the account. FINRA alleged that he “recommended in-and-out trading to the customer, even when the price of his recommended securities did not materially change.” As a result, the trading in the client’s account incurred trading costs of $96,496, including $92,847 in commissions, and caused $41,017 in total realized losses.
Jesse Krapf Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2025. “Allegations of Unsuitability, excessive trading, misrepresentation, failure to supervise.” The customer is seeking $931,402 in damages. The complaint was regarding common and preferred stocks, and it took place while he was registered with Spartan Capital Securities, LLC.
April 2025. “Time Frame: 01.2023 to 12.2024. Excessive trading, Churning, Unsuitable investments, Failure to supervise.” The case is currently pending.
March 2025. “Excessive trading, churning, failure to supervise.” The case is currently pending. The complaint was regarding common and preferred stocks and equity OTC, and it took place while he was registered with Spartan Capital Securities, LLC.
October 2018. “Claimant alleges negligence and breach of fiduciary duty.” The customer sought $500,000 in damages, and the case was settled for $165,000. This case is regarding common and preferred stocks. The complaint took place while he was registered with Newbridge Securities Corporation.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Newbridge Securities Corporation may be liable for investment or other losses suffered by Jesse Krapf’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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