Jesse D. Krapf (CRD #5467277, Brooklyn, New York)

October 30, 2024 – An AWC was issued in which Krapf was suspended from association with any FINRA member in all capacities for five months. In light of Krapf’s financial status, no monetary sanction has been imposed. Without admitting or denying the findings, Krapf consented to the sanction and to the entry of findings that he willfully violated the Best Interest Obligation under Reg BI by recommending a series of trades in a senior customer’s account that were excessive, unsuitable, and not in the customer’s best interest. The findings stated that the customer relied on Krapf’s advice and routinely followed his recommendations. As a result, Krapf exercised de facto control over the account. Krapf recommended in-and-out trading to the customer, even when the price of his recommended securities did not materially change. Krapf’s trading in the customer’s account generated total trading costs of $96,496, including $92,847 in commissions, and caused $41,017 in total realized losses. The suspension is in effect from November 18, 2024, through April 17, 2025. (FINRA Case #2018056490319) If you have suffered losses as a result of Jesse D. Krapf's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Jesse D. Krapf. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.