Securities Lawyers Blog
The attorneys at Gana Weinstein LLP represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Aag Capital, Inc. Our services cover a wide spectrum of broker misconduct, including unsuitable investments, failure to supervise, and losses in various investment products. Our firm can analyze your brokerage accounts, determine the extent of your investment losses, and understand the issues and remedies available.
AAG Capital is a broker-dealer offering a limited range of brokerage products centered on variable annuities and tax-driven private placements, including real estate investment trusts, business development companies, private equity funds and Delaware Statutory Trust interests for 1031 exchanges. Incorporated in Florida in 1981, the firm is based in Wesley Chapel, Florida.
Aag Capital, Inc – By the Numbers:
- CRD #: 188
- Regulatory Events: 1
- Broker Employees: 36
Aag Capital, Inc – In the News:
FINRA v. Aag Capital, Inc (Case #2022073342401) – From February 2021 through the present, AAG Capital failed to establish and maintain written policies and procedures and a supervisory system reasonably designed to comply with Securities Exchange Act of 1934 Rule 15l-1 (Regulation Best Interest or Reg BI) for recommendations to retail customers regarding registered index-linked annuities (RILAs). With respect to recommendations to exchange an existing investment into a RILA, the firm’s supervisory system failed to ensure that the recommendations reasonably considered disadvantages from the exchange that arose from the customer’s surrender of their existing investment. As a result, AAG Capital violated Exchange Act Rule 15l-1(a)(1) and FINRA Rules 3110 and 2010, and is censured, fined $100,000, will undertake corrective action, and pay restitution of $38,591.39.
Investors who believe they were the victim of broker misconduct or financial advisor negligence at Aag Capital, Inc should act promptly, because FINRA arbitration claims are subject to time limits. Contact the securities arbitration lawyers at Gana Weinstein LLP for a free consultation.