Erez Law is currently investigating Spartan Capital Securities, LLC broker Travis Lippmann (CRD# 5908823) for investment losses due to unsuitable investment recommendations. He has been registered with Spartan Capital Securities, LLC in New York, New York, since 2021. Previously, he was registered with Joseph Stone Capital L.L.C. in New York, New York, from 2019 to 2021 and with Newbridge Securities Corporation in New York, New York, from 2017 to 2019. Before that, he was registered with Maxim Group LLC in New York, New York, from 2016 to 2017 and with Dawson James Securities, Inc. in New York, New York, from 2014 to 2016.
Travis Lippmann Customer Complaints
He has been the subject of seven customer complaints between 2017 and 2025, one of which was denied and one was withdrawn, according to his CRD report:
November 2025. “These allegations are for all three claiants, individual is broker of record for one claimant only. Breach of fiduciary duty, Negligence, excessive trading, failure to supervise.” The case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Spartan Capital Securities, LLC.
September 2025. “Gross mishandling and unauthorized reallocation of claimants’ portfolio philosophy.” The customer is seeking $607,052 in damages. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Spartan Capital Securities, LLC.
March 2024. “Alleged Alligations: Respondent is responsible for Securities Law, SEC Regulations & Industry Rules, Failure to Supervise & Negligent Supervision, Breach of fiduciary Duty.” The case was settled for $270,000. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Spartan Capital Securities, LLC.
July 2021. “Allegations in attorney’s letter stating “unsuitable trading”. Dates: from February 2021 until May 2021.” The customer sought $853,231.33 in damages, and the case was settled for $120,000. The complaint was regarding equity OTC, and it took place while he was registered with Joseph Stone Capital L.L.C.
January 2020. “Claimant alleges breach of fiduciary duty, unsuitable investments, misprepresentation and negligence.” The customer sought $450,000 in damages, and the case was settled for $90,000. The complaint was regarding common and preferred stocks, and it took place while he was registered with Dawson James Securities, Inc., Maxim Group LLC, and Newbridge Securities Corp.
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, Dawson James Securities, Inc., Maxim Group LLC, and Newbridge Securities Corp. may be liable for investment or other losses suffered by Travis Lippmann’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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