FINRA Suspends Dalila Costa-Leroy

Dalila Costa-Leroy (CRD #: 2544837), a broker registered with Spartan Capital Securities, has been suspended by FINRA, according to her BrokerCheck record, accessed on July 4, 2022. If you have questions about Dalila Costa-Leroy’s conduct as a broker, read on.

2022 FINRA Suspension

On April 5, 2022, FINRA suspended Dalila Costa-Leroy for allegedly failing to comply with or adequately respond to FINRA requests for information concerning her compliance with an arbitration award/settlement agreement formed between her and UBS Financial Services in October 2011.

Dalila Costa-Leroy is suspended in all capacities indefinitely, until payment is made or discharged.

You can read the settlement agreement here.

FINRA Rule 9554

FINRA Rule 9554 states that brokers who do not comply with an award will be suspended. If they do not comply with the award or request termination of the suspension, the broker will face a bar from the securities industry. 

2017 FINRA Suspension

On March 31, 2017, Dalila Costa-Leroy consented to the entry of findings that she failed to disclose a civil judgment on her Uniform Application for Securities Industry Registration or Transfer (Form U4) in a timely manner.

A letter of Acceptance, Waiver & Consent (AWC) alleged that Dalila Costa-Leroy failed to disclose a settlement agreement she entered into with UBS Financial Services in October 2011, which obligated her to repay the firm $576,529 which she received in the form of promissory notes. On July 12, 2012, UBS obtained a civil judgment of $570,183.91 following her alleged failure to pay the original settlement amount.

The AWC alleged that Dalila Costa-Leroy received a copy of that civil judgment on September 26, 2012, and failed to disclose the judgment on her Form U4 within the required 30 days.

FINRA Rules 1122 and 2010

FINRA Rule 1122 prohibits FINRA members from filing incomplete or inaccurate information related to membership or registration. Members must correct any misleading information promptly.

Violations of this and many other FINRA rules qualify as automatic violations of FINRA Rule 2010, which requires members to uphold high standards of commercial honor.

Sanctions

Dalila Costa-Leroy consented to the following sanctions:

• $5,000 fine
• Three-month suspension 

Her suspension began on April 17, 2017, and ended on July 16, 2017.

You can read the full AWC filing here.

Civil Lien

On July 7, 2012, Dalila Costa-Leroy was penalized with a civil lien of $570,183.

Background Information

Dalila Costa-Leroy has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 3 – National Commodity Futures Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Dalila Costa-Leroy is a registered broker in New York.

She has also worked for the following firms:

• National Securities Corporation (CRD#:7569)
• Meyers Associates (CRD#:34171)
• Alexander Capital (CRD#:40077)
• Global Arena Capital (CRD#:16871)
• Saxony Securities (CRD#:115547)
• Delta Equity Services (CRD#:15650)
• UBS Financial Services (CRD#:8174)
• Citigroup Global Markets (CRD#:7059)
• Prudential Securities (CRD#:7471)
• CIBC World Markets (CRD#:630)

Kurta Law Can Help

If you worked with Dalila Costa-Leroy and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.