FINRA and SEC Allegations

FINRA began investigating Jeffrey Galvani and Stuart Jeffery after they were both “permitted to resign” by Crito Capital in September 2023.  According to BrokerCheck, Galvani and Jeffery were also the subject of an investigation by the Securities and Exchange Commission (SEC).  The SEC alleged that Galvani and Jeffery “engaged in the business of selling penny stocks and other securities” through a company called GEL Direct Trust.

After Galvani’s and Jeffery’s resignation from Crito Capital, FINRA began its own investigation.  FINRA alleges that Galvani and Jeffery refused to adequately cooperate with its investigation, in violation of FINRA Rule 8210.

Background on Jeffrey Galvani and Stuart Jeffery

From May 2020 to April 2022 and again from June 2022 to September 2023, Jeffrey Galvani had been a representative of Crito Capital.  Stuart Jeffery was a representative of Crito Capital from September 2020 to September 2023.  They were assigned to a New York City office. 

Is Crito Capital Liable for Investor Losses?

Brokerage firms like Crito Capital have obligations to reasonably supervise the conduct of their financial advisors like Jeffrey Galvani and Stuart Jeffery.  If the firm fails to adequately do so, it could be responsible for any investor losses.

We Represent Clients in all 50 States

Our securities arbitration law firm represents investors throughout the country, including in New York.  If you were a client of Jeffrey Galvani or Stuart Jeffery and believe they acted improperly, you may be entitled to recover losses through FINRA arbitration.

• View Jeffrey Galvani and Stuart Jeffery FINRA Complaint
• View Galvani’s BrokerCheck Report
• View Jeffrey’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.