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 Andes Capital Group, 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.
Andes Capital Group is a broker-dealer that trades over-the-counter corporate equities, corporate debt, and United States government and municipal securities, and also participates in underwriting syndicates, mutual fund sales, and private placements of securities. Formed in Illinois in 2004 and headquartered on West Wacker Drive in Chicago, the firm is registered in 53 states and territories and clears customer accounts through Alpaca Securities on a fully disclosed basis.
Andes Capital Group, LLC – By the Numbers:
- CRD #: 139212
- Regulatory Events: 3
- Broker Employees: 36
Andes Capital Group, LLC – In the News:
FINRA v. Andes Capital Group, LLC (Case #2023077001001) – From June 30, 2020 to the present, Andes Capital has failed to establish, maintain, and enforce written policies and procedures reasonably designed to achieve compliance with Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 (Reg BI), in violation of Reg BI and FINRA Rules 3110 and 2010. In addition, in connection with six private placement offerings between December 2021 and August 2023, the firm did not timely file required documents with FINRA in violation of FINRA Rules 5123 and 2010. For these violations, the firm is censured, fined $25,000, and agrees to an undertaking.
FINRA v. Andes Capital Group, LLC (Case #2019064979901) – Between August and September 2018, Andes failed to supervise and record on its books and records approximately $1.5 million in private securities transactions by one of its registered representatives. This was in contravention of Andes’ own written supervisory procedures, and violated FINRA Rules 3280(c), 3110(b), and 2010.
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.