Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Ally Invest Securities LLC, to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
Ally Invest Securities is an online broker-dealer that executes securities trades for retail self-directed customers through an internet-based trading platform, clearing customer transactions through Apex Clearing on a fully disclosed basis. Based in Charlotte, North Carolina, the firm is a wholly owned subsidiary of Ally Financial through Ally Invest Group and grew out of the online brokerage TradeKing, which Ally acquired in 2016 and rebranded as Ally Invest in 2017.
Ally Invest Securities LLC – By the Numbers:
- CRD #: 136131
- Regulatory Events: 2
- Arbitration Events: 1
- Broker Employees: 184
Ally Invest Securities LLC – In the News:
FINRA v. Ally Invest Securities LLC (Case #2021071257201) – From September 2016 through November 2022, Ally failed to preserve at least 22.6 million business-related electronic communications, violating Securities Exchange Act of 1934 § 17(a), Exchange Act Rule 17a-4, and FINRA Rules 4511 and 2010. During the same period, Ally’s written supervisory procedures were not reasonably designed to ensure review of business-related electronic communications, and the firm failed to timely review at least 521,000 such communications, violating FINRA Rules 3110 and 2010. For these violations, Ally is censured and fined $850,000.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.