Antonio Molinos: FINRA Suspends Spartan Advisor

Ronkonkoma, New York financial advisor Antonio Molinos (CRD# 2764977) was recently sanctioned and suspended in connection with alleged excessive and unsuitable trades. Financial Industry Regulatory Authority records show that he is currently registered as a broker with Spartan Capital Securities.

A Letter of Acceptance, Waiver, and Consent (No. 2018056490333) describes FINRA’s disciplinary action against Mr. Molinos. Filed in August 2025, it describes allegations that as a representative of Spartan Capital Securities, he recommended “to one retail customer a series of trades that were excessive, unsuitable, and not in the customer’s best interest.” The allegedly unsuitable trades took place in two of the customer’s accounts between April 2020 and April 2022. The customer in question, a 56-year-old retiree, “relied on Molinos’s advice and followed his recommendations,” according to FINRA, meaning that Mr. Molinos held de facto control over the accounts.

The customer had an investment objective of “maximum growth” and an aggressive risk tolerance. Mr. Molinos recommended 99 trades in the customer’s individual brokerage account, according to the Letter, resulting in $72,182 in commissions and $86,204 in realized losses. In the customer’s IRA, meanwhile, he recommended 41 transactions that resulted in $15,435 in commissions and $1,716 in realized losses. “The level of trading that Molinos recommended  in the customer’s accounts was excessive, unsuitable, and not in the best interest of the customer,” FINRA found. As a result, it issued him a three-month suspension from associating with any member firm in all capacities.

According to the Financial Industry Regulatory Authority, Antonio Molinos holds 23 years of securities industry experience. a, he has been registered as a broker with Spartan Capital Securities since 2024. His past registrations include KC Ward Financial, PHX Financial, Joseph Stone Capital, Joseph Gunnar & Company, National Securities Corporations, Brookstreet Securities Corporation, Great Eastern Securities, Westrock Advisors, JP Turner & Company, American Capital Partners, Milestone Financial Services, Global Capital Securities Corporation, and Pruco Securities Corporation. His credentials include the passage of four securities industry qualifying exams: the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is not currently licensed in any state. (Information current as of August 25, 2025.)

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