Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an independent investigation into Andrew Spaventa (CRD# 6175466), a broker and investment adviser currently registered with TSG Capital Advisors and TSG Alpha Partners in Ronkonkoma, New York. Our attorneys are taking this step in response to regulatory disclosures, a pending SEC investigation, and a pattern of investor complaints that warrant closer scrutiny for anyone entrusting assets to Mr. Spaventa or his firms.
Our firm brings a 98% success rate in claims, 95+ years of combined securities law experience, and an aggressive approach honed as former Wall Street defense lawyers. We help investors uncover, understand, and act on adviser red flags, fighting relentlessly to recover lost funds wherever possible.
Why We Are Investigating Andrew Spaventa
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Public regulatory records reveal critical information investors should know about Andrew Spaventa’s conduct at TSG Capital Advisors and prior firms. Most notably, a Securities and Exchange Commission (SEC) investigation, reported in February 2026, raises significant concerns about his handling of client accounts and potential violations of securities laws. When such high-level scrutiny emerges, our experience shows it can correlate with patterns of investor harm that might otherwise go unaddressed.
As advocates for investors, we believe in transparency and accountability. Below, we present a detailed, research-driven account of documented complaints, regulatory events, and the steps investors can take to recover from losses attributed to wrongful practices.
Key Findings on Andrew Spaventa: Regulatory Actions & Investor Complaints
| Date | Event Type | Firm Involved | Allegations/Claims | Status/Outcome | Monetary Amount |
|---|---|---|---|---|---|
| February 2026 | SEC Investigation | TSG Capital Advisors | The SEC began a broad audit following “years of misconduct by bad actors in the private markets.” Mr. Spaventa declined an early settlement (pre-Wells), triggering a formal Wells notice. The specific alleged conduct under investigation is not described, but ongoing dialogue with the SEC is acknowledged. | Pending | N/A |
| 2018 | Investor Complaint | Salomon Whitney Financial | Alleged churning (excessive trading), negligence, unsuitable recommendations, unauthorized trading, and breach of contract. | Settled | $14,999 |
Understanding the Red Flags: What Investors Should Know
- SEC Investigation: Regulatory scrutiny at this level typically reflects serious concerns about how investor assets are managed. In Mr. Spaventa’s case, rejecting a pre-Wells settlement means he is actively challenging findings that the SEC viewed as serious enough to escalate.
In our experience, these investigations often indicate elevated risk for affected investors. - Churning & Quantitative Unsuitability: The 2018 investor complaint, while settled, alleged excessive trading for the adviser’s benefit rather than the investor’s. According to FINRA, “churning” means a broker manipulates trading frequency to generate higher commissions, showing reckless disregard for the client’s interests.
- Multiple Allegations of Misconduct: Alleged negligence, unauthorized trading, and unsuitable recommendations are serious violations of the trust that fiduciaries and brokers owe their clients. These are not isolated technicalities; they often translate into direct financial harm for investors.
- Pattern Across Firms: Mr. Spaventa has worked at several firms over his nine-year securities industry career, including Quantum Advisory Group, SW Financial Network, 1 Financial Securities, Salomon Whitney Financial, and Cape Securities. Frequent transitions can be a signal, especially when accompanied by disclosures, that an adviser may be seeking new opportunities while under scrutiny.
Investors may find additional complaint and regulatory history by searching BrokerCheck for Andrew Spaventa (CRD# 6175466).
Andrew Spaventa: Timeline of Regulatory Disclosures & Allegations
- February 2026: The SEC initiates an investigation into TSG Capital Advisors, with Spaventa declining an early settlement offer and receiving a Wells notice. The details remain non-public, but the process signals a significant regulatory dispute involving his conduct.
- 2018: While at Salomon Whitney Financial, Spaventa is named in a customer dispute alleging a range of misconduct, including churning and unsuitable investments. The claim settled for $14,999.
In total, the available disclosures identify a pattern of conduct raising significant questions about suitability, fiduciary duty, and investor risk. If you have invested with Andrew Spaventa in Ronkonkoma, New York, or through any current or former firm, you have a right to understand the full scope of your situation.
How to Protect Your Investments: Steps to Take Now
- Monitor your account statements closely for unrecognized trades, excessive fees, or unusual activity.
- Review your adviser’s complete BrokerCheck profile and all regulatory disclosures.
- Keep written records of all communications with your adviser and firm.
- Contact our attorneys for a confidential case assessment and a roadmap to possible recovery of losses.
Why Choose Our Firm?
Our firm’s insider knowledge, gained from decades as Wall Street defense litigators, gives us a unique edge in pursuing claims against those who have breached the trust of individual investors. Combined with a Top 2% Martindale-Hubbell AV Preeminent rating, Super Lawyers honors, and a 5.0-star client review average, we have the experience and reputation to maximize client recoveries. All consultations are free and confidential, and there is no fee unless we recover funds for you.
Speak With Us Now — Free Case Review
If you have suffered losses as a result of advice from Andrew Spaventa (TSG Capital Advisors, Ronkonkoma, New York), or any misconduct by your financial adviser, we encourage you to act promptly. Reach our attorneys today at 1-888-885-7162 or send us a message using our secure online form. Our goal is to help you recover your lost investment funds and hold those responsible accountable.
Let us put our insider defense experience and proven record to work for you. Call 1-888-885-7162 now for your free, confidential consultation.
