Haselkorn & Thibaut has launched an investigation into Spartan Capital Securities advisors John Lowry and Kim Monchik in New York, NY, in light of recent regulatory action concerning their recommendations and management of Atlas Funds private placements. If you invested with John Lowry or Kim Monchik and are uncertain about your investments, we encourage you to continue reading for robust research and actionable next steps.
Who Are John Lowry and Kim Monchik of Spartan Capital Securities?
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John Lowry (CRD# 4336146) and Kim Monchik (CRD# 2528972) are financial advisors registered with Spartan Capital Securities in New York City. According to their records, Mr. Lowry has been in the securities industry for over 24 years and serves as both the CEO and owner of Spartan Capital Securities, while Ms. Monchik, holding 22 years of experience, is the firm’s Chief Compliance Officer. Both have been with Spartan Capital Securities since 2008.
Background: The Atlas Funds Complaint
Recently, a significant regulatory complaint was filed by the Financial Industry Regulatory Authority (FINRA), raising concerns about the sale of private placement interests in the Atlas Funds.
FINRA alleges that Spartan Capital Securities, under the leadership of John Lowry and compliance oversight by Kim Monchik, recommended unregistered private investment funds to 191 customers, largely retail investors, without reasonable due diligence.
According to the official complaint, the Atlas Funds were designed as complex investment vehicles, offering investors exposure to pre-IPO companies. However, FINRA charges that these recommendations were not only unsuitable but also not made in the investors’ best interests. The core of the issue lies in alleged failures to conduct reasonable due diligence and the dissemination of false and misleading information to clients.
Specifically, the offering memoranda given to investors misrepresented key information regarding fees: customers were told there would be no profit-sharing on markups charged by third-party affiliates, while in reality, it is alleged that $3.25 million in markups were charged to investors, directly benefiting Lowry as the favorable owner of the entities involved.
FINRA’s complaint seeks to hold Spartan Capital Securities, John Lowry, and Kim Monchik accountable by requesting sanctions, restitution, and the disgorgement of ill-gotten gains. The complaint lists violations of FINRA Rules 3110 and 2010 and Regulation Best Interest.
Summary Table: John Lowry & Kim Monchik at Spartan Capital Securities
| Advisor Name | CRD Number | Broker-Dealer | Location |
|---|---|---|---|
| John Lowry | 4336146 | Spartan Capital Securities | New York, NY |
| Kim Monchik | 2528972 | Spartan Capital Securities | New York, NY |
Regulatory and Complaint History
Based on the latest available records, there are no finalized customer complaints, arbitrations, or regulatory actions currently recorded for John Lowry or Kim Monchik as individuals. Both advisors have a clean regulatory disclosure record in the FINRA BrokerCheck system, the SEC’s enforcement database, and federal/state court dockets as of today’s date.
- Customer Complaints: None reported.
- Arbitrations: None filed.
- FINRA/SEC/State Regulatory Actions: None finalized; only the current pending FINRA complaint.
- Civil Lawsuits: No federal or state court filings detected.
It is important for investors to note: While individual records appear clear, the current pending FINRA complaint remains unresolved and is directed at the conduct of both the advisors and Spartan Capital Securities as a firm. As this matter is ongoing, facts and findings may change. Investors are strongly encouraged to continue monitoring the situation and conduct fresh due diligence.
What Should Investors Be Concerned About?
- Poor Due Diligence Allegations: The Atlas Funds lacked reasonable due diligence, leaving investors exposed to unknown risks.
- Suitability and Best Interest: It is alleged that recommendations were made without a reasonable basis for suitability.
- Misleading Information: Promotional materials reportedly misrepresented fee structures and profitability.
- Undisclosed Conflicts of Interest: Investors were allegedly not properly informed of markups that benefited entities owned by John Lowry.
Red Flags for Investors with Spartan Capital Securities Advisors
If you invested in private placements, pre-IPO funds, or any similar products through John Lowry or Kim Monchik, particularly regarding the Atlas Funds, you should:
- Request and review your investment documentation, especially offering memoranda and fee disclosures
- Carefully monitor for any ongoing communication and updates about your investment
- Contact a knowledgeable securities attorney well-versed in private placement litigation for a confidential portfolio review
- Keep a record of any losses, correspondence, and account statements related to these investments
Next Steps: How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut (investmentfraudlawyers.com) is a national law firm concentrating exclusively on investment fraud, investor dispute, and FINRA arbitration. With over 50 years of combined legal experience, a 98% success rate, and a strict “no recovery, no fee” policy, our team is currently offering free and confidential consultations for investors concerned about their accounts with John Lowry or Kim Monchik at Spartan Capital Securities.
Your financial well-being matters. Even if you are unsure about losses or worried about the complexity of your holdings, we are here to help you untangle the details and make empowered decisions moving forward.
Contact Us Today
- Call now at 1-888-994-8066.
- Free case review—no obligation, no upfront fees.
- Learn whether you have grounds for a recovery claim and how to protect your assets.
Take charge of your financial future if you invested with John Lowry or Kim Monchik at Spartan Capital Securities in New York, NY. Secure your free consultation with Haselkorn & Thibaut’s investment fraud attorneys today.
