New York, NY – December 6, 2025 – Kim Marie Monchik (CRD# 2528972) is a registered broker currently employed with Spartan Capital Securities, LLC in New York, NY. According to her FINRA BrokerCheck record, she has multiple pending customer disputes and regulatory actions alleging failure to supervise, violations of Regulation Best Interest, and failure to timely disclose arbitrations on her Form U4. This article provides an overview of the disclosed complaints and information about investor rights under securities laws.
BrokerCheck Snapshot
Name: Kim Marie Monchik
CRD #: 2528972
Firm: Spartan Capital Securities, LLC
Location: New York, NY
Years in Industry: 25
Number of Disclosures: 10 (3 Regulatory Events, 7 Customer Disputes)
Customer Complaints Against Kim Marie Monchik
According to FINRA BrokerCheck records, Kim Marie Monchik has been named in seven customer disputes. The most recent pending complaints include:
Complaint Filed: November 21, 2025 (FINRA Case #25-02544)
A customer alleges failure to supervise in connection with private placement investments. The complaint is pending. Damages are listed as unspecified. Monchik’s statement indicates she was named solely in her executive capacity and that she was not the relevant registered representative’s supervisor.
Complaint Filed: November 3, 2025 (FINRA Case #25-02389)
A customer alleges failure to supervise involving equity securities. Damages are listed as unspecified, and the matter is pending. Monchik’s statement indicates she had no contact with the claimant and was not the designated supervisor for the registered representative who serviced the account.
Complaint Filed: May 27, 2025 (AAA Case #01-25-0001-7093)
A customer alleges respondeat superior liability in connection with investments in certain private placement funds. The customer alleges the registered representative made misrepresentations about how the funds purchased shares of private issuers. Damages are listed as unspecified, and the matter is pending arbitration.
Complaint Filed: March 13, 2025 (FINRA Case #25-00493)
A customer alleges failure to supervise involving equity securities. Damages are listed as unspecified with a note that damages will be determined at hearing. The matter is pending.
Complaint Filed: July 16, 2024 (FINRA Case #24-01461)
A customer alleges failure to supervise in connection with private placement offerings. The customer seeks $375,000.00 in damages. The matter is pending.
Complaint Filed: November 18, 2022 (FINRA Case #22-02653)
A customer alleges failure to supervise from August 2015 through July 2022 involving private placement investments. The customer seeks $247,262.00 in damages. The matter is pending.
Arbitration Award: April 8, 2016 (FINRA Case #15-01911)
A customer alleged churning, unsuitability, unauthorized trading, breach of fiduciary duty, breach of contract, and fraud and misrepresentation involving unspecified securities. The arbitration panel awarded the customer $41,842.00. According to Monchik’s statement, she was not the broker on the account and did not have direct contact with the client or supervisory responsibility. She was named solely due to her role at Spartan Capital Securities.
Regulatory Actions Against Kim Marie Monchik
FINRA BrokerCheck shows three regulatory actions against Kim Marie Monchik:
FINRA Complaint – On Appeal to SEC (Initiated: October 19, 2021, Case #2019061528001)
FINRA filed a complaint alleging that Monchik willfully failed to amend, or timely amend, her Form U4 to disclose arbitration filings and resolutions. The complaint alleges she was named in multiple consumer-initiated arbitrations and was obligated to amend her Form U4 within 30 days of learning of the filing and outcome of each arbitration. Despite being made aware of these disclosure failures, she allegedly failed to amend her Form U4.
On March 28, 2023, a FINRA Hearing Panel found that Monchik willfully failed to amend her Form U4 and imposed a $30,000 fine, a two-year suspension from association with any FINRA member in all capacities, and required her to amend her Form U4. She was also ordered to pay $17,768.31 in hearing costs jointly and severally.
On April 19, 2023, Monchik appealed the decision to the National Adjudicatory Council (NAC). On October 9, 2024, the NAC affirmed the findings but reduced the fine to $10,000. On November 4, 2024, Monchik appealed to the Securities and Exchange Commission (SEC). The sanctions are not in effect pending the appeal.
FINRA Complaint – Pending (Initiated: November 24, 2025, Case #2021069218305)
FINRA filed a complaint alleging that Spartan Capital Securities and Monchik willfully violated Regulation Best Interest’s Care Obligation by failing to have a reasonable basis to recommend investments to customers. The complaint alleges the firm recommended securities with a total principal value of over $24 million to 191 customers through 16 private placement offerings without conducting reasonable due diligence. The firm generated over $2.4 million in placement fees.
The complaint also alleges that in connection with three unregistered private investment funds (the Atlas Funds), the respondents recklessly or negligently disseminated false and misleading information to investors. The private placement memoranda allegedly misrepresented that the Atlas Funds would not profit from markups charged to customers. The Atlas Funds and their manager allegedly charged customers $3.25 million in markups. The complaint further alleges failures to establish supervisory systems and written policies reasonably designed to achieve compliance with Regulation Best Interest. The matter is pending.
FINRA Complaint – Pending (Initiated: November 8, 2024, Case #2022075597101 & 2022075597102)
FINRA filed a complaint alleging that while acting as Chief Administrative Officer of Spartan Capital Securities, Monchik failed to timely respond to five requests made pursuant to FINRA Rule 8210 until after FINRA issued six follow-up requests and initiated five expedited proceedings to compel compliance. The investigation related to the firm’s sales of membership interests in unregistered private funds and later to the firm’s net capital calculations. The matter is pending.
Pattern of Complaints and Risk Factors
While each case is unique, complaints of this type may indicate concerns related to unsuitable investment recommendations, inadequate risk disclosures, conflicts of interest in private placement offerings, or failures to supervise. Investors should carefully review account statements and private placement documents and seek legal guidance if similar issues occurred.
Can Investors Recover Losses?
Investors who experienced failure to supervise, unsuitable recommendations involving private placements, or undisclosed conflicts of interest may be entitled to recover losses through FINRA arbitration.
Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. For investors who experienced losses due to broker misconduct, FINRA arbitration provides an avenue to seek recovery without the expense and delay of federal court.
Related Brokers and Firms
Investors who have concerns about their accounts at Spartan Capital Securities may also want to review disclosure records for other registered representatives at the firm. Additionally, investors who experienced losses involving private placement investments or variable annuities should understand their rights under securities laws.
Frequently Asked Questions
What is the complaint against Kim Marie Monchik?
Kim Marie Monchik has multiple pending customer disputes alleging failure to supervise in connection with private placement investments and equity securities. She also has regulatory actions alleging failure to timely disclose arbitrations on her Form U4, violations of Regulation Best Interest, and failure to respond to FINRA requests. She received an arbitration award against her in 2016 for $41,842.00.
Can investors recover losses involving Spartan Capital Securities?
Yes. Investors who experienced losses due to broker misconduct at Spartan Capital Securities may be entitled to recover through FINRA arbitration. Most brokerage agreements contain mandatory arbitration clauses. Securities laws provide investors with remedies when brokers recommend unsuitable investments, fail to disclose conflicts of interest, or breach fiduciary duties.
What is FINRA arbitration?
FINRA arbitration is a forum for resolving disputes between investors and brokerage firms or registered representatives. It is typically faster and less expensive than court litigation. Most investor-broker disputes are resolved through this process due to arbitration clauses in account agreements. An arbitration panel hears evidence from both sides and issues a binding decision.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s risk tolerance, investment objectives, financial situation, or time horizon. Brokers have a duty to recommend only investments that are suitable for their clients based on these factors. Recommendations that expose clients to excessive risk or are inappropriate for their circumstances may constitute unsuitable investments under securities regulations.
How do I look up a broker on BrokerCheck?
You can look up any registered broker or brokerage firm on FINRA’s BrokerCheck website at brokercheck.finra.org. Simply enter the broker’s name or CRD number to access their professional background, employment history, licenses, and any customer complaints or regulatory actions. This is a free public resource that all investors should use before working with a financial professional.
What should I do if I suspect broker misconduct?
If you suspect broker misconduct, take these steps: (1) Document all account statements, trade confirmations, and communications with your broker; (2) File a complaint with FINRA and your state securities regulator; (3) Consult with a securities attorney who handles investor claims. Do not delay, as arbitration claims must generally be filed within six years. Contact Patil Law, P.C. at 800-950-6553 for a free consultation.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law, P.C.
If you have experienced investment losses involving Kim Marie Monchik or Spartan Capital Securities, contact Patil Law, P.C. for a free, no-obligation consultation. Our experienced securities attorneys can review your case and explain your legal options.
Phone: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
We work on a contingency fee basis—you pay no attorney fees unless we successfully recover money for you.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
