Adam Cavise: Investor Complaint Against Ex-Spartan Advisor

New York City financial advisor Adam Cavise (CRD# 4273848) recently received an investor complaint alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker with Revere Securities, having previously been registered with Spartan Capital Securities.

Mr. Cavise’s BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that as a representative of Spartan Capital Securities, he failed to follow instructions to sell shares, resulting in losses. The pending complaint alleges unspecified damages.

FINRA Rule 2010 requires brokers like Mr. Cavise to “observe high standards of commercial honor and just and equitable principles of trade.” A number of forms of unethical conduct, including failures to comply with a customer’s instructions, may be considered violations of FINRA Rule 2010, so long as the conduct occurs “in the conduct of [the member’s] business.” Brokers who fail to observe high standards of commercial honor may be held liable for damages.

According to the Financial Industry Regulatory Authority, Adam Cavise holds 21 years of securities industry experience. Based in New York City, he has been registered as a broker with Revere Securities since November 2023. His past registrations include Spartan Capital Securities (New York, New York; 2021-2023), Benchmark Investments (New York, New York; 2020-2021) I-Bankers Direct (Boca Raton, Florida; 2020), MacQuarie Capital (New York, New York; 2017-2019), CLSA Americas (New York, New York; 2016-2017), CRT Capital Group (New York, New York; 2015-2016), Sterne Agee & Leach (New York, New York; 2009-2015), Soleil Securities Corporation (New York, New York; 2003-2009), and Knight Securities (Jersey City, New Jersey; 2000-2003). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Limited Representative-Equity Trader Exam, or Series 55; the Securities Industry Essentials Examination, or SIE; the Securities Trader Exam, or Series 57TO; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Connecticut, Florida, Massachusetts, New Jersey, New York, Puerto Rico, and Texas.  (Information current as of January 14, 2024.)

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