Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Alpine Securities Corporation, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Alpine Securities operated as a clearing broker-dealer that cleared trades for its own customers and focused on the over-the-counter and microcap stock markets. Organized in Utah in 1984, the firm cleared its transactions through the National Securities Clearing Corporation as a member of FINRA.
Alpine Securities Corporation – By the Numbers:
- CRD #: 14952
- Regulatory Events: 45
- Arbitration Events: 1
- Broker Employees: 11
Alpine Securities Corporation – In the News:
FINRA v. Alpine Securities Corporation (Case #2019061232601) – Member charged an unreasonable and unfairly discriminatory fee, made unauthorized securities transactions, misused and converted customer assets, priced securities trades unfairly, and made an unauthorized capital withdrawal. Held, findings affirmed in part and modified, and sanctions modified.
FINRA v. Alpine Securities Corporation (Case #2018057162401) – Between October 10, 2017 and April 10, 2018 and between August 27 and August 31, 2018, Respondent: (a) submitted inaccurate data to FINRA’s Order Audit Trail System (OATS) in 35 Reportable Order Events (ROEs) of 56 sampled for review, in violation of FINRA Rules 7450 and 2010; and (b) failed to report to the Over-the-Counter Reporting Facility (OTCRF) the riskless portion of a riskless-principal transaction in 15 transactions out of 50 sampled for review, in violation of FINRA Rule 6622.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.