Richard Spinelli Resigns from PJT Partners| Selling Away Investigation
PJT Partners LP reportedly permitted financial advisor Richard Joseph Spinelli to resign on December 19, 2025, after the firm reportedly cited alleged violations of its policies on outside business activities and private securities transactions, according to Spinelli’s FINRA BrokerCheck report. Investors who worked with Spinelli and are concerned about potential investment losses may want to review their accounts.
The White Law Group is looking into Richard Spinelli PJT Partners investment losses tied to the circumstances surrounding his departure from the firm.
Who Is Richard Joseph Spinelli?
Richard Joseph Spinelli (CRD #6805041) was reportedly registered with PJT Partners LP until his separation from the firm in December 2025. He was previously registered with RBC Capital Markets, LLC. According to BrokerCheck, Spinelli holds Series 7, Series 79, and Series 63 licenses and is not currently registered with a FINRA-member firm.
Richard Spinelli PJT Partners Investment Losses: What the Disclosure Says
Spinelli’s FINRA BrokerCheck record reportedly includes an employment separation disclosure stating that he was permitted to resign from PJT Partners LP on December 19, 2025, after he allegedly failed to comply with firm policies regarding outside business activities and private securities transactions, conduct commonly referred to as selling away. PJT Partners’ disclosure purportedly ties the separation to compliance concerns, though the specific investments or activities at issue have not been publicly detailed. As of this writing, no customer complaint has been publicly disclosed on Spinelli’s BrokerCheck record, and he has not been barred or suspended by FINRA.
Why Outside Business Activity and Private Securities Transaction Rules Matter
FINRA Rule 3270 requires registered representatives to provide written notice before engaging in outside business activities. FINRA Rule 3280 separately requires brokers to obtain approval before participating in private securities transactions away from their firm. These rules exist so a brokerage firm can evaluate conflicts of interest and supervise the investments recommended to its clients. When a broker allegedly circumvents these requirements, investors may end up in investments that were never reviewed by the firm’s compliance department.
PJT Partners’ Duty to Supervise
Broker-dealers such as PJT Partners are required under FINRA rules to maintain a reasonably designed supervisory system to detect outside business activity and private securities transactions before they harm investors. If PJT Partners failed to reasonably supervise Spinelli, investors who suffered losses connected to his outside activity may have a claim against the firm in addition to any claim against Spinelli individually.
Frequently Asked Questions
Was Richard Spinelli barred by FINRA?
No. Spinelli has not been barred or suspended by FINRA as of this writing. His FINRA BrokerCheck record shows an employment separation: he was permitted to resign from PJT Partners LP on December 19, 2025.
Is there a lawsuit against Richard Spinelli or PJT Partners?
Not at this time. The matter is currently reflected only as an employment separation disclosure on Spinelli’s FINRA BrokerCheck report, not a civil lawsuit or a customer complaint. Investors who believe they suffered losses connected to outside investments allegedly recommended by Spinelli typically pursue recovery through FINRA arbitration.
What should I do if I invested through Richard Spinelli at PJT Partners?
If you were solicited by Spinelli to invest outside of PJT Partners, or have concerns about any account you held while he was your broker, contact The White Law Group for a free, confidential consultation.
Contact The White Law Group
The White Law Group, national securities fraud attorneys with offices in Chicago and Seattle, represents investors nationwide in FINRA arbitration claims against brokers and brokerage firms. If you have concerns about investments made through Richard Spinelli or PJT Partners, call (888) 637-5510 or visit our contact page for a free case evaluation.
