Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as American Independent Securities Group, LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
American Independent Securities Group is a broker-dealer and investment adviser offering financial planning, portfolio management, pension consulting, selection of other advisers, and educational seminars for individuals, small businesses, and institutions. Formed in Idaho in 2004 and headquartered in Eagle, the firm operates branch offices across the United States and serves retail investors, high-net-worth individuals, pension plans, charitable organizations, and corporations.
American Independent Securities Group, LLC – By the Numbers:
- CRD #: 135288
- Regulatory Events: 1
- Broker Employees: 54
American Independent Securities Group, LLC – Investment Advisors:
- SEC #: 69138
- Assets Under Management: $986,332,007
- ADV Form Employee: 49
American Independent Securities Group, LLC – In the News:
FINRA v. American Independent Securities Group, LLC (Case #2018060267902) – From October 2014 through April 2017, AISG and Carlson failed to (a) establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with applicable rules relating to sales of collateralized mortgage obligations (CMOs); (b) take reasonable action to ensure that Cioffi—the principal to whom Carlson had delegated responsibility for supervising Representative A and his CMO recommendations—was properly executing that responsibility; (c) reasonably respond to red flags indicating that Representative A’s CMO recommendations were unsuitable; and (d) reasonably supervise discretionary trading and accounts held by senior investors. As a result, AISG and Carlson violated FINRA Rules 3110 and 2010 and NASD Rules 3010 and 2510(c). During the same period, Cioffi failed to reasonably supervise Representative A and to reasonably respond to red flags of unsuitable CMO recommendations. As a result, Cioffi violated FINRA Rules 3110 and 2010 and NASD Rule 3010.
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.