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Travis Lippman: $853K Complaint Against Spartan Capital Advisor
New York City financial advisor Travis Lippman (CRD# 5908823) has received investor complaints alleging unsuitable trades and other forms of misconduct. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Spartan Capital Securities and was formerly registered with firms including Joseph Stone Capital, Primary Capital, and Newbridge Securities.
Mr. Lippman’s BrokerCheck report discloses several investor complaints. The most recent, filed in July 2021, alleges that as a representative of Joseph Stone Capital, he made unsuitable trades. The pending complaint alleges damages of $853,231.33. In a comment on the complaint’s disclosure, Mr. Lippman describes the complaint as “unsupported” and the allegations as “baseless.”
An earlier complaint, filed in December 2019, alleged that as a representative of Dawson James Securities, Maxim Group, and Newbridge Securities, Mr. Lippman breached his fiduciary duty, made unsuitable investment recommendations, misrepresented material facts, and engaged in negligence. In 2020 the complaint reached a settlement of $90,000. In a comment on the complaint’s disclosure, Mr. Lippman stated that he “was not named as a respondent in this arbitration” and that “each position recommended to the customer in question was consistent with his prior investment experience, financial condition, risk tolerance, and speculation-oriented investment objective.”
According to the Financial Industry Regulatory Authority, Travis Lippman holds 11 years of securities industry experience. Based in New York City, he has been a broker and investment advisor with Spartan Capital Securities since October 2021. His past registrations include Joseph Stone Capital (2019-2021), Primary Capital (2021), Newbridge Securities Corporation (2017-2019), Maxim Group (2016-2017), Dawson James Securities (2014-2016), and Coastal Equities (2014) in New York City. His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 47 state licenses. (Information current as of June 29, 2022.)
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