Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Arvest Wealth Management, 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.
Arvest Wealth Management, which does business as Arvest Investments, is a broker-dealer and investment adviser offering brokerage accounts, discretionary and non-discretionary managed accounts, wrap fee programs and financial planning to individuals and small businesses. Organized in Arkansas in 1996 and based in Lowell, Arkansas, the firm is a subsidiary of Arvest Bank and serves customers across the bank’s regional footprint.
Arvest Wealth Management – By the Numbers:
- CRD #: 42057
- Regulatory Events: 3
- Arbitration Events: 1
- Broker Employees: 201
Arvest Wealth Management – Investment Advisors:
- SEC #: 63738
- Assets Under Management: $3,439,741,668
- ADV Form Employee: 238
Arvest Wealth Management – In the News:
FINRA v. Arvest Wealth Management (Case #2014042979701) – Between January 2009 and December 2016 (the “Relevant Period”), Arvest failed to provide required initial and annual privacy notices to certain brokerage customers and also failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to ensure that it was meeting its privacy notice obligations. By virtue of the foregoing, Arvest violated Rules 4 and 5 of SEC Regulation S-P, NASD Rule 3010(a)(2) and (b)(1), and FINRA Rules 3110 (a)(2), (b)(1) and 2010.
The FINRA actions described above involve Arvest Wealth Management itself, and investors whose losses are connected to the conduct FINRA identified may have claims against the firm. Gana Weinstein LLP offers free consultations and we welcome all inquiries.