Haselkorn & Thibaut has launched a detailed investigation into Kim Monchik (CRD# 2528972) and Spartan Capital Securities amid rising regulatory scrutiny. Investors are increasingly seeking transparency, and it’s our mission to provide you with the clear, actionable information you need to protect your interests. Our firm is a national investment fraud law practice with over 50 years of experience, a 98% success rate, and millions recovered for clients. No recovery, no fee.
Who Is Kim Monchik of Spartan Capital Securities?
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Kim Monchik is a registered representative with Spartan Capital Securities, a broker-dealer based in New York, NY. Holding CRD# 2528972, Monchik has amassed several years in the securities industry, holding roles such as Chief Administrative Officer and, at times, Chief Compliance Officer of Spartan Capital Securities.
Why Are Investors Concerned? Latest Fraud Allegations
In December 2025, the Financial Industry Regulatory Authority (FINRA) filed a significant complaint against Spartan Capital Securities and several of its top executives and representatives, including Kim Monchik. The complaint alleges the firm was engaged in a multi-year scheme—a pattern of alleged fraud involving excessive trading and “churning” of client accounts.
Key details from the FINRA complaint:
- Alleged widespread churning of investment accounts from January 2018 to April 2022.
- More than 1,200 accounts reportedly affected, with cost-to-equity ratios exceeding 20%.
- Approximately $46 million in revenue generated from these accounts during the period in question.
- Dozens of representatives were involved in the excessive trading of 114 accounts, resulting in $10 million in trading costs and nearly $8 million in investment losses.
- Of the affected accounts, 53 belonged to senior investors—highlighting the particular risk for retirees and vulnerable investors.
The Red Flags Raised by Regulators
FINRA’s oversight identified serious supervision and compliance lapses at Spartan Capital Securities:
- High frequency of trades and remarkably high turnover rates in client accounts.
- Frequent and aggressive use of margin—amplifying possible losses as well as risks.
- Reps were sometimes experiencing significant financial pressures or were previously the subject of customer complaints.
- Evidence that Spartan allowed excessive trading even after receiving customer complaints or regulatory inquiries.
- Specific references to Kim Monchik and others allegedly overlooking “numerous red flags” of churning in hundreds of customer accounts.
Kim Monchik: Public Disclosure Record
According to the most recent data available via FINRA BrokerCheck (CRD# 2528972), Kim Monchik currently shows no customer complaints, arbitrations, disciplinary actions, or financial disclosures as of April 2024. Additional searches of public records, the SEC, and PACER systems do not reveal any reported enforcement actions, lawsuits, or settlements involving Monchik as an individual.
This means that, as of the latest records, all formal complaints and regulatory actions tie to Monchik in his executive and supervisory capacity at Spartan Capital Securities, not individually as a financial advisor or broker. This distinction is crucial when investors are evaluating their options and potential actions for recourse.
Summary Table: Kim Monchik & Spartan Capital Securities
| Advisor Name | CRD Number | Broker-Dealer |
|---|---|---|
| Kim Monchik | 2528972 | Spartan Capital Securities |
Investor Takeaways: Red Flags and Action Steps
If you have invested with Kim Monchik or Spartan Capital Securities, it’s time to review your account statements for the following potential red flags:
- Unusually high number of trades or trading fees.
- Frequent use of margin loans.
- Account losses that seem excessive or out of step with market norms.
- Any unexplained or unauthorized transactions.
- Lack of clear justification for frequent buying and selling—especially if recommended by your advisor.
- Declines in portfolio value that outpace general market volatility.
If you notice one or more of these red flags, you may be impacted by practices under investigation by regulators—and you may be entitled to recover losses.
What to Do Next: Free, Confidential Guidance for Investors
Haselkorn & Thibaut is actively investigating Kim Monchik and Spartan Capital Securities (NY) to determine if investor losses can be recovered. There are no up-front costs and no fee unless we recover money for you. Our attorneys will review your individual situation, help you understand your best next steps, and advise if you have a viable claim.
Your consultation is free and strictly confidential.
How to Check Your Advisor’s Record
- Go to FINRA BrokerCheck.
- Enter your advisor’s name or CRD number (for Kim Monchik, use 2528972).
- Review “Registration & Employment,” “Disclosure Events,” and “Customer Complaints.”
If you need help reviewing your statement, or want analysis of your complete account history with Kim Monchik or Spartan Capital Securities, our team can assist you at no cost.
Contact Haselkorn & Thibaut Today
Have concerns about your investments with Kim Monchik or Spartan Capital Securities? Let’s get your questions answered—and your account reviewed—before more time passes.
Call Haselkorn & Thibaut at 1-888-885-7162 for a FREE private case review. Don’t wait—time limits may apply for claims.
Our experience, resources, and track record can make the difference for your recovery.
Remember, no recovery, no fee.
