Andrew Adderly: SEC Investigates Broad Street Capital Advisor

Holmdel, New Jersey financial advisor Andrew Adderly (CRD# 4388648) is under investigation by the Securities and Exchange Commission in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is registered as a broker with Broad Street Capital Markets.

Mr. Adderly’s BrokerCheck report discloses the SEC’s investigation into his conduct. Filed in June 2026, it states that the SEC issued a Wells Notice regarding its preliminary determination to recommend disciplinary action against him. The proposed action is connected with an investigation into his member firm, Broad Street Capital Markets, as well as “other respondents,” according to the disclosure. The Wells Notice details allegations of “potential violations of Sections 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 206 and Rule 206(4)-8 of the Investment Advisers Act of 1940, and Section 34(b) of the Investment Company Act of 1940.” The SEC’s investigation is still underway and the proposed action has not been filed.

According to the Financial Industry Regulatory Authority, Andrew Adderly holds 24 years of securities industry experience. Based in Holmdel, New Jersey, he has been registered as a broker with Broad Street Capital Markets since 2016. His past registrations include Seaport Global Securities, GHS Trading, Global Hunter Securities, HFP Capital Markets, Bradley Woods, Tejas Securities Group, Wedbush Morgan Securities, Brookstreet Securities, Utendahl Capital Partners, and Zahr Securities. His credentials include the passage of nine securities industry qualifying exams: the Municipal Securities Principal Examination, or Series 53; the General Securities Principal Examination, or Series 24; the Compliance Officer Examination, or Series 14; the Securities Industry Essentials Examination, or SIE; the Investment Banking Registered Representative Examination, or Series 79TO; the Limited Representative-Equity Trader Exam, or Series 55; the Municipal Securities Representative Examination, or Series 52TO; the General Securities Representative Examination, or Series 7; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 13 state licenses. (Information current as of October 5, 2026.)

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