Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers has formally opened an investigation into the conduct of Billy Lodico (CRD# 6096241), a financial advisor based in Garden City, New York, and currently registered with Craft Capital Management. Investors who have experienced losses related to Lodico’s investment recommendations are strongly encouraged to closely review this update and consider their legal options for potential recovery. Our attorneys, drawing on over 95 years of combined securities law experience and armed with “insider knowledge” from our backgrounds as former Wall Street defense lawyers, stand ready to fight for your interests with a proven 98% success rate across hundreds of investor claims.
Billy Lodico: Background & Experience
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Billy Lodico entered the securities industry in 2012 and has developed a client base throughout the Garden City, New York area while serving as a registered broker with Craft Capital Management. His registration history includes a prior affiliation with Alexander Capital, another broker-dealer active in the securities industry. Lodico holds the following securities qualifications:
- Securities Industry Essentials Exam (SIE)
- General Securities Representative Exam (Series 7)
- Uniform Securities Agent State Law Exam (Series 63)
He is currently registered in at least 18 states, reflecting a broad scope of professional responsibility as a securities representative.
Active Investigation: Why We Are Reviewing Billy Lodico
Our investigation is based in part on a publicly disclosed customer complaint reflected in FINRA regulatory records. When such allegations involve unsuitable recommendations, unauthorized trading, or the use of margin, investors should take them seriously. If you invested through Billy Lodico, you should understand the nature of these allegations and evaluate whether you may have grounds to seek recovery of investment losses.
Summary of Red Flags and Complaints
Lodico’s FINRA record, available through BrokerCheck, currently reflects the following investor complaint:
| Date Filed | Firm Involved | Alleged Misconduct | Claimed Damages | Status |
|---|---|---|---|---|
| February 2026 | Craft Capital Management |
|
$200,000 (pending) | Pending |
These allegations may present significant concerns for investors, especially where unauthorized trading or unsuitable recommendations are involved. If substantiated, such conduct may lead to regulatory action and may also support a customer claim for repayment of losses through FINRA arbitration or settlement.
Applicable FINRA Rules & Advisor Duties
Registered representatives like Billy Lodico are subject to established industry rules and professional obligations, including the following:
- Suitability (FINRA Rule 2111): Brokers must have a reasonable basis to believe that an investment recommendation is suitable for a customer based on that customer’s financial situation, needs, objectives, and risk tolerance.
- Unauthorized Trading (FINRA Rule 3260): A broker generally may not place trades in a customer account without the customer’s prior authorization unless proper written discretionary authority is in place.
- Misrepresentations and Omissions: Brokers may not make material misstatements or omit important facts in connection with the sale or recommendation of securities.
- Breach of Fiduciary Duty and Negligence: Depending on the account type and circumstances, investors may also have claims where the advisor failed to act appropriately or failed to exercise reasonable care.
When broker conduct violates FINRA rules or broader legal duties, affected customers may be entitled to pursue claims for compensatory damages and other relief.
Review of Public Records & Additional Background
As part of our review, we examine available regulatory disclosures and public records. Based on our latest review:
- No SEC enforcement actions, regulatory bars, or suspensions were identified involving Billy Lodico.
- No personal bankruptcy filings or widely reported civil litigation records were identified in publicly available sources reviewed in connection with this matter.
These findings do not resolve the customer allegations, but they may provide additional context when evaluating the seriousness and scope of the current complaint.
Next Steps for Impacted Investors
The existence of a customer complaint involving allegations of unauthorized trading, unsuitable recommendations, and margin misuse should prompt current and former clients to review their accounts carefully. If you believe your account was handled improperly, you may have legal options to seek recovery.
- Preserve account statements, confirmations, emails, text messages, and other communications with your advisor.
- Review whether your account activity matched your stated investment objectives and risk tolerance.
- Determine whether any trades were placed without your permission or whether margin was used without adequate disclosure.
- Contact us for a free and confidential case evaluation. We handle these matters on a contingency fee basis, meaning there is no fee unless we recover money for you.
Why Choose Our Firm?
- Former Wall Street defense attorneys now representing investors
- More than $520 million in securities matters handled
- Top 2% peer-reviewed rating, including Martindale-Hubbell AV Preeminent recognition
- Super Lawyers recognition
- 5.0-star client reviews
- 98% success rate across hundreds of investor matters
- No recovery, no fee
If you suffered investment losses involving Billy Lodico, Craft Capital Management, unsuitable recommendations, unauthorized trades, or margin-related activity, we encourage you to speak with an attorney promptly to understand your rights.
Call 1-888-885-7162 today or use our secure contact form to request a free consultation with an experienced securities attorney. Our investigation is ongoing, and acting promptly may help preserve your recovery options.
