Securities Lawyers Blog
Alternative investment losses, REIT investment losses, DST investment losses, leveraged ETF losses, and other retirement investment losses are frequently traced to recommendations that were unsuitable for the investor. The investment loss lawyers at Gana Weinstein LLP represent customers of brokerage firms such as American Trust Investment Services, Inc. in FINRA arbitration claims to recover losses in these products. If you are wondering whether you can sue for investment losses or recover losses from a financial advisor, our attorneys can review your accounts and give you a clear answer.
American Trust Investment Services is an independent broker-dealer and investment banking firm that provides securities brokerage and investment services to individual and institutional clients. Originally organized in Indiana in 1968, the firm is now based in San Clemente, California.
American Trust Investment Services, Inc. – By the Numbers:
- CRD #: 3001
- Regulatory Events: 5
- Arbitration Events: 1
- Broker Employees: 51
American Trust Investment Services, Inc. – In the News:
FINRA v. American Trust Investment Services, Inc. (Case #2020068655902) – American Trust has failed to reasonably supervise several areas since at least June 2020. From July 2020 to April 2021, the firm violated FINRA Rules 3110 and 2010 by failing to reasonably supervise sales of GWG L Bonds for compliance with Regulation Best Interest (Reg BI) and FINRA Rule 2111. In addition, since June 30, 2020, the firm also has failed to establish policies and procedures, and a supervisory system, reasonably designed to achieve compliance with Reg BI, thus willfully violating Securities Exchange Act Rule 15l-1(a)(1), and violating FINRA Rules 3110 and 2010. Further, from June 2020 to at least June 2021, the firm violated FINRA Rules 3110 and 2010 by failing to reasonably supervise for compliance with Securities Act of 1933 rules prohibiting general solicitation of private placement offerings. For these and other violations, the firm is censured, fined $100,000, ordered to pay restitution of $166,000, and agrees to an undertaking to retain an independent consultant.
A brokerage firm’s regulatory history is often important evidence in a FINRA arbitration claim. If you lost money at American Trust Investment Services, Inc., the securities arbitration attorneys at Gana Weinstein LLP can review the firm’s record alongside your accounts, free of charge.