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Michael Capelli

VELOCITY CLEARING

New York, NY

·CRD# 2213756·32 years experience

Professional Summary

Michael Capelli is a registered financial advisor currently at VELOCITY CLEARING, LLC located in New York, New York and TOR BROKERAGE LLC located in New York, New York. Michael is registered as a RR (Registered Representative) and started their career in finance in 1992. Michael has worked at 8 firms and has passed the Series 63, Series 99TO, Series 57TO, SIE, Series 55, Series 7, Series 4 and Series 24 exams.

At a Glance

Best-Interest Standard

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

Blog Corner

What Does a Financial Advisor Do? Understanding Their Role, Services, and Value

What Does a Financial Advisor Do? Understanding Their Role, Services, and Value

Do I Need a Financial Advisor? A Complete Guide to Deciding If It’s Right for You

Do I Need a Financial Advisor? A Complete Guide to Deciding If It’s Right for You

What Are Financial Values and How to Align Them With Your Financial Goals

What Are Financial Values and How to Align Them With Your Financial Goals

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Videos & Posts

This advisor has not added any videos or posts yet.

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities. Check for any disclosures as part of your thorough research when choosing an advisor.

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Years of Experience

32 years in the financial services industry

Current & Past Employments

VELOCITY CLEARING, LLC·CRD# 126588

BD

199 Water Street 10th Floor, New York, NY 10038

May 27, 2026 - Present

TOR BROKERAGE LLC·CRD# 135274

BD

199 Water Street 10th Floor, New York, NY 10038

June 16, 2026 - Present

FENNEL·CRD# 316281

BD

Los Angeles, CA

January 3, 2023 - June 6, 2024

LIQUIDNET, INC.·CRD# 103987

BD

New York, NY

August 9, 2007 - September 20, 2022

MILETUS TRADING, LLC·CRD# 127732

BD

New York, NY

December 19, 2003 - August 27, 2007

VIRTU ITG LLC·CRD# 29299

BD

New York, NY

August 5, 1994 - September 25, 2002

LEHMAN BROTHERS INC.·CRD# 7506

BD

New York, NY

May 15, 1992 - July 10, 1992

D. H. BLAIR & CO., INC.·CRD# 6833

BD

New York, NY

March 26, 1992 - May 26, 1992

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SUMMIT PLACE FINANCIAL ADVISORS, LLC

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PARAMUS, NJ · CRD#

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LPL FINANCIAL LLC

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Current Firm

TB

TOR BROKERAGE LLC

TOR BROKERAGE LLC

CRD#: 135274 / SEC#: 8-66903

BD

Broker-Dealer Firm Regulated by FINRA (Woodbridge district office)

Contact Information

Main Address

1301 Route 36 Suite 103, Hazlet, NJ 07730

Mailing Address

1301 Route 36 Suite 103, Hazlet, NJ 07730

Phone Number

(732) 375-2459

Established

Delaware since 02/09/2005

Firm Type

Limited Liability Company

Fiscal Year End

December

Firm Size

Small

FINRA licenses (7 States and Territories)

Registered to provide investment advisory services in 0 US states and territories.

Documents

Direct owners and executive officers

Name	Position	CRD#
VCT HOLDINGS LLC	SOLE MEMBER	—
APPELSON, STUART DAVID	FINOP	2176520
CRAWFORD, LAURA LYNN	CHIEF COMPLIANCE OFFICER	2666224
KRKUTI, BESART	CHIEF FINANCIAL OFFICER	7318260
SCHAEFFER, BRIAN KEITH	CEO	3063403

Disclosures

Regulatory Event

1

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Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

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Anthony J. Macagna

LPL FINANCIAL LLC

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Nicholas Wayne Rygiel

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State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

RR

indicates the advisor is registered as a Registered Representative in this state, allowing securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.

RR

Alabama
(5/27/2026)

RR

Alaska
(5/27/2026)

RR

Arizona
(5/27/2026)

RR

Arkansas
(5/27/2026)

RR

California
(5/27/2026)

RR

Colorado
(5/27/2026)

RR

Connecticut
(5/27/2026)

RR

Delaware
(5/27/2026)

RR

District of Columbia
(5/27/2026)

RR

Florida
(5/27/2026)

RR

Georgia
(5/27/2026)

RR

Hawaii
(5/27/2026)

RR

Idaho
(5/27/2026)

RR

Illinois
(5/27/2026)

RR

Indiana
(5/27/2026)

RR

Iowa
(5/27/2026)

RR

Kansas
(5/27/2026)

RR

Kentucky
(5/27/2026)

RR

Louisiana
(5/27/2026)

RR

Maine
(5/27/2026)

RR

Maryland
(5/27/2026)

RR

Massachusetts
(5/27/2026)

RR

Michigan
(5/27/2026)

RR

Minnesota
(5/27/2026)

RR

Mississippi
(5/27/2026)

RR

Missouri
(5/27/2026)

RR

Montana
(5/27/2026)

RR

Nebraska
(5/27/2026)

RR

Nevada
(5/27/2026)

RR

New Hampshire
(5/27/2026)

RR

New Jersey
(5/27/2026)

RR

New Mexico
(5/27/2026)

RR

New York
(5/27/2026)

RR

North Carolina
(5/28/2026)

RR

North Dakota
(5/27/2026)

RR

Ohio
(5/27/2026)

RR

Oklahoma
(5/27/2026)

RR

Oregon
(5/27/2026)

RR

Pennsylvania
(5/27/2026)

RR

Puerto Rico
(5/27/2026)

RR

Rhode Island
(5/27/2026)

RR

South Carolina
(5/27/2026)

RR

South Dakota
(5/27/2026)

RR

Texas
(5/27/2026)

RR

Utah
(5/27/2026)

RR

Vermont
(5/27/2026)

RR

Virgin Islands
(5/27/2026)

RR

Virginia
(5/27/2026)

RR

Washington
(5/27/2026)

RR

West Virginia
(5/27/2026)

RR

Wisconsin
(5/27/2026)

RR

Wyoming
(5/27/2026)

Exams

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 63 — Uniform Securities Agent State Law Examination

Passed Aug 1994About the Series 63 exam

Series 99TO — Operations Professional Examination

Passed Jan 2023About the Series 99TO exam

Series 57TO — Securities Trader Exam

Passed Jan 2023About the Series 57TO exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 55 — Limited Representative-Equity Trader Exam

Passed Dec 1998

Series 7 — General Securities Representative Examination

Passed Aug 1994About the Series 7 exam

Series 4 — Registered Options Principal Examination

Passed Nov 2003About the Series 4 exam

Series 24 — General Securities Principal Examination

Passed Aug 2003About the Series 24 exam

24X National Exchange LLC

SRO Registrations

Cboe BYX Exchange, Inc.

SRO Registrations

Cboe BZX Exchange, Inc.

SRO Registrations

Cboe EDGA Exchange, Inc.

SRO Registrations

Cboe EDGX Exchange, Inc.

SRO Registrations

Cboe Exchange, Inc.

SRO Registrations

FINRA

SRO Registrations

Investors' Exchange LLC

SRO Registrations

Long-Term Stock Exchange, Inc.

SRO Registrations

MEMX LLC

SRO Registrations

MIAX PEARL, LLC

SRO Registrations

NYSE Arca, Inc.

SRO Registrations

Nasdaq PHLX LLC

SRO Registrations

Nasdaq Stock Market

SRO Registrations

Nasdaq Texas, LLC

SRO Registrations

New York Stock Exchange

SRO Registrations

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CRS (Client Relationship Summary) - BD

Click below to view Michael Capelli's CRS (Customer Relationship Summary).

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MC

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