Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has officially opened an investigation into Richard Joseph Spinelli (CRD #6805041), a former financial advisor for PJT Partners LP. We are leveraging our insider knowledge as former Wall Street defense attorneys to scrutinize recent disclosures concerning Spinelli’s departure from PJT Partners and potential investor losses. Our firm stands committed to advocating for investors who may have suffered damages through alleged improper sales practices and undisclosed activities.
If you invested with Richard Spinelli in New York, NY, or nationwide through PJT Partners LP, or have questions about your funds and accounts, we urge you to contact our attorneys immediately at 1-888-885-7162 for a free consultation.
Who Is Richard Joseph Spinelli?
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Richard Joseph Spinelli, listed under CRD #6805041, served as a registered financial advisor with PJT Partners LP until his resignation in December 2025. Previously, he worked with RBC Capital Markets, LLC, and held multiple securities licenses, including Series 7, Series 79, and Series 63. According to BrokerCheck, Spinelli is not currently registered with any FINRA-member broker-dealer.
Summary of Concerns: Spinelli’s Departure from PJT Partners LP
Spinelli was permitted to resign from PJT Partners LP on December 19, 2025. According to his BrokerCheck profile, the firm cited alleged violations of internal rules governing outside business activities and private securities transactions. These terms are important indicators to investors because they reference:
- Outside business activities (OBA): Any job, company, or investment work outside of the broker’s main firm, which must be disclosed and authorized.
- Private securities transactions (selling away): Sales or recommendations of investments not reviewed or supervised by the broker’s employer.
No public customer complaints or regulatory actions have been disclosed against Spinelli as of June 2024. However, the circumstances of his resignation and the referenced compliance issues are significant warning signs for any investor who worked directly with him.
The Red Flags: Policy Violations and Selling Away Concerns
FINRA has strict regulations, including Rules 3270 and 3280, to ensure that any outside activity by a broker is reported and reviewed by the employer. These safeguards exist to:
- Protect investors from conflicts of interest
- Help ensure only approved investment products are recommended
- Enhance oversight and reduce the risk of fraud and unauthorized transactions
Selling away remains a serious violation because it often results in unsupervised, potentially risky investments. Investors rarely receive proper due diligence or transparency in such cases. If a broker circumvents these rules, individual investors may become exposed to products that were never subjected to the firm’s compliance protocols.
PJT Partners’ Legal Duties and Investor Rights
PJT Partners LP is required under FINRA regulations to maintain proper supervisory systems. If the firm failed to detect or prevent unauthorized outside activities by Spinelli, you may have the right to pursue recovery not only from the individual advisor but also from the broker-dealer itself. Broker-dealers are responsible for monitoring and policing their employees’ conduct, especially regarding outside business activities and private securities transactions.
Richard Joseph Spinelli: Public Record Review (New York, NY)
Our comprehensive search, covering FINRA BrokerCheck, SEC EDGAR, and federal and state court dockets, indicates:
| Category | Results |
|---|---|
| FINRA BrokerCheck | No customer complaints, regulatory actions, civil suits, or criminal disclosures located |
| SEC Filings (EDGAR) | No enforcement actions or proceedings located |
| PACER (Federal Court) | No federal lawsuits, liens, or levies located |
| FINRA Arbitration | No arbitration matters located as claimant or respondent |
| Media Reports | No news reports located linking Spinelli to financial misconduct |
Key Takeaway: Richard Spinelli currently has no official complaints, customer disputes, or regulatory penalties reflected in the public sources reviewed. However, the details behind his separation from PJT Partners LP, specifically alleged violations involving outside business activities and private securities transaction rules, warrant careful review by investors and legal counsel.
Common Investor Questions and Our Answers
- Was Richard Spinelli barred or suspended? No. Public records reviewed do not reflect any FINRA bar or suspension.
- Are there lawsuits or arbitrations against Spinelli or PJT Partners? We did not locate any public lawsuits or FINRA arbitration claims involving Spinelli as of this writing.
- Should I be concerned about my investments? If you purchased private placements, outside offerings, or anything not clearly documented on PJT Partners statements, you may want to have your records reviewed by experienced securities counsel.
How We Help You Recover Your Losses
Our firm has recovered funds for hundreds of clients using our:
- 98% success rate in investor recovery claims
- 95+ years of combined securities law experience
- Over $520 million in securities cases handled
- Top 2% national peer recognition (Martindale-Hubbell AV Preeminent, Super Lawyers)
- 5.0-star client reviews
- No recovery, no fee—investigate your claim at no out-of-pocket cost
We use aggressive, insider-informed strategies to fight for clients who have lost funds due to broker misconduct or supervisory failures by national broker-dealers like PJT Partners LP. Our attorneys can investigate your losses, explain your options for recovery, and represent you in seeking financial redress, often through FINRA arbitration rather than traditional litigation.
How to Protect Yourself and Next Steps
- Review your investment statements for undocumented or off-book transactions
- Use BrokerCheck to independently confirm your broker’s history
- Contact our team for a free, confidential case review
Our attorneys aim to provide clarity, confidence, and experienced advocacy to help you make informed decisions about recovering your investment losses.
Take Action: Free Consultation
If you have concerns about funds invested through Richard Joseph Spinelli or PJT Partners LP, call us now at 1-888-885-7162 to schedule your free, confidential consultation. We are ready to review your account, explain your recovery options, and advocate on your behalf.
Do not wait—your rights and recovery options may be time-sensitive.
