Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as 1st Discount Brokerage, Inc. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
1st Discount Brokerage is a broker-dealer and registered investment adviser that offers full-service and self-directed brokerage, a digital advisory platform, wealth management, retirement planning and insurance to investors at a wide range of wealth levels. Founded in Florida in 1995 and based in Lake Worth, the firm is owned by 1DB Financial, clears through Apex Clearing and is registered across 51 states and territories.
1st Discount Brokerage, Inc. – By the Numbers:
- CRD #: 39164
- Regulatory Events: 8
- Arbitration Events: 2
- Broker Employees: 14
1st Discount Brokerage, Inc. – Investment Advisors:
- SEC #: 132978
- Assets Under Management: $131,402,154
- ADV Form Employee: 8
1st Discount Brokerage, Inc. – In the News:
FINRA v. 1st Discount Brokerage, Inc. (Case #2013038328301) – From January 2010 to December 2011, 1DB failed to establish, maintain and enforce a reasonably designed supervisory system and written supervisory procedures (“WSPs”) regarding the sales of leveraged, inverse, and inverse-leveraged Exchange-Traded Funds (“Non-Traditional ETFs”). Based on the foregoing, 1DB violated NASD Rule 3010 and FINRA Rule 2010.
Gana Weinstein LLP handles FINRA arbitration cases involving retirement account losses, structured note losses, private placement losses, non-traded REIT losses, and other investment losses caused by broker misconduct. If you hold investments like these in an account at 1st Discount Brokerage, Inc., our consultations are free and we welcome all inquiries.