Securities Lawyers Blog
Investors researching Arlington Securities, Inc. often want to know about the firm’s regulatory history before deciding whether to speak with a lawyer. This page summarizes the FINRA disciplinary actions in which Arlington Securities, Inc. was named. The securities fraud attorneys at Gana Weinstein LLP represent investors in claims against brokerage firms and financial advisors for investment fraud, unsuitable investment recommendations, excessive trading, and failure to supervise, and we can review the firm’s record together with your account statements to determine whether you have a claim.
Arlington Securities is a broker-dealer and investment adviser that offers over-the-counter equities, mutual funds, United States government securities, variable life insurance and annuities, and advisory services. Formed in Missouri in 1997 and headquartered in Saint Louis, the firm also does business as Arlington Financial MO and is licensed in 40 states and territories.
Arlington Securities, Inc. – By the Numbers:
- CRD #: 19596
- Regulatory Events: 4
- Broker Employees: 17
Arlington Securities, Inc. – Investment Advisors:
- SEC #: 135460
- Assets Under Management: $116,882,500
- ADV Form Employee: 18
Arlington Securities, Inc. – In the News:
FINRA v. Arlington Securities, Inc. (Case #2020065154601) – From December 31, 2018, through October 28, 2019, Robert Hillard recommended that 14 customers liquidate their lower-cost Class A and Class C mutual funds to purchase higher-cost variable annuities without having a reasonable basis to believe the transactions were suitable. As a result, the customers paid $67,026.47 in higher fees. Based on the foregoing, Hillard violated FINRA Rules 2330(b), 2111, and 2010. Since at least December 2018 through the present, Arlington Securities’ supervisory system, including its written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with FINRA’s suitability requirements regarding recommendations to sell mutual funds or purchase variable annuities. The firm also failed to reasonably supervise Hillard’s unsuitable recommendations that customers exchange their low-cost mutual funds for higher-cost variable annuities. Based on the foregoing, Arlington Securities violated FINRA Rules 3110, 2330(c), 2330(d), and 2010.
Gana Weinstein LLP represents individuals, families, and institutions in securities arbitration and litigation against brokerage firms. If you suspect churning, excessive commissions, unauthorized trading, or other misconduct in your Arlington Securities, Inc. account, our consultations are free and confidential.