Securities Lawyers Blog
The FINRA arbitration attorneys at Gana Weinstein LLP represent investors who have suffered investment losses at brokerage firms such as Alpaca Securities 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.
Alpaca Securities is a self-clearing broker-dealer that provides API-based brokerage infrastructure, letting fintech companies and developers offer trading in stocks, ETFs, options, fixed income and fractional shares, and it also clears for other broker-dealers under the name Alpaca Clearing. Part of AlpacaDB, a company founded in 2015 and based in California, the firm has helped partners open over seven million brokerage accounts in more than 40 countries.
Alpaca Securities LLC – By the Numbers:
- CRD #: 288202
- Regulatory Events: 2
- Broker Employees: 63
Alpaca Securities LLC – In the News:
FINRA v. Alpaca Securities LLC (Case #2021072094901) – Between April 2021 and June 2025, Alpaca failed to timely report to the FINRA/Nasdaq Trade Reporting Facility (FNTRF) approximately 1.87 million transactions, in violation of FINRA Rules 6380A and 2010. From February 2021 to May 2023, Alpaca submitted inaccurate trade reports to the FNTRF and the Over-the-Counter Reporting Facility (ORF). The firm reported inaccurate execution quantities for over 6,700 transactions and omitted the required prior reference price modifier and prior reference time for approximately 2.2 million transactions, in violation of FINRA Rules 6380A, 6622, and 2010. Finally, from December 2020 through February 2026, Alpaca failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA’s trade reporting rules, in violation of FINRA Rules 3110 and 2010. For these violations, Alpaca is censured and fined $300,000.
A brokerage firm’s regulatory history is often important evidence in a FINRA arbitration claim. If you lost money at Alpaca Securities LLC, the securities arbitration attorneys at Gana Weinstein LLP can review the firm’s record alongside your accounts, free of charge.