Securities Lawyers Blog
The FINRA arbitration attorneys at Gana Weinstein LLP represent investors who have suffered investment losses at brokerage firms such as Allied Millennial Partners, LLC. Investors who have lost money because of broker misconduct or financial advisor negligence can often recover those losses through FINRA arbitration rather than in court. Our securities arbitration lawyers can review your accounts, explain how a FINRA claim works, and tell you whether you have a case worth pursuing.
Allied Millennial Partners is a non-clearing broker-dealer that arranges private placements, executes stock transactions for customers, and sells insurance products including variable annuities. A wholly owned subsidiary of JPED Holdings, the firm traces its broker-dealer operations to 1985, is headquartered at 200 Vesey Street in New York City, and is registered in all 50 states, the District of Columbia, and Puerto Rico.
Allied Millennial Partners, LLC – By the Numbers:
- CRD #: 16569
- Regulatory Events: 5
- Arbitration Events: 1
- Broker Employees: 14
Allied Millennial Partners, LLC – In the News:
FINRA v. Allied Millennial Partners, LLC (Case #2019064746402) – From November 2017 through December 2018, Allied Millennial failed to file required documents with FINRA for four private placement offerings that the firm sold to a total of 34 retail investors. Therefore, Allied Millennial violated FINRA Rules 5123 and 2010.
FINRA v. Allied Millennial Partners, LLC (Case #2015043310801) – From January 2014 through June 2015 (the “Relevant Period”), EJS failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to identify and prevent unsuitable excessive trading in customer accounts. Based on the foregoing, EJS violated NASD Rule 3010 and FINRA Rules 3110 and 2010.
FINRA arbitration is faster and less formal than court, and most claims against brokerage firms such as Allied Millennial Partners, LLC are resolved there. The securities arbitration attorneys at Gana Weinstein LLP can explain how to file a FINRA claim and what to expect. Our consultations are free and we welcome all inquiries.