Securities Lawyers Blog
If you have lost money in your accounts at Avenue Securities LLC, you may be asking whether you can sue your financial advisor or your brokerage firm. The investment loss attorneys at Gana Weinstein LLP help investors answer that question every day. Brokerage firms are responsible for supervising their brokers, and when a firm fails to supervise, misrepresents an investment, or recommends unsuitable investments, the investor can file a FINRA arbitration claim to recover investment losses.
Avenue Securities is a broker-dealer that offers self-directed online brokerage accounts for retail investors to trade stocks, ETFs, mutual funds and bonds through its website and mobile app, along with educational content on financial markets. Organized in Delaware in 2017 and based in Miami, the firm primarily serves Brazilian investors seeking access to United States markets, and Brazilian bank Itau Unibanco agreed in 2022 to acquire a controlling stake in its parent company.
Avenue Securities LLC – By the Numbers:
- CRD #: 292589
- Regulatory Events: 2
- Broker Employees: 32
Avenue Securities LLC – In the News:
FINRA v. Avenue Securities LLC (Case #2022076239801) – Between April 2022 and October 2024, Avenue Securities LLC provided customers approximately 21,000 confirmations for fixed-income transactions with inaccurate mark-up/mark-down information. As a result, Avenue violated Section 17(a) of the Securities Exchange Act of 1934, Exchange Act Rule 17a-3(a)(8), and FINRA Rules 2232, 4511, and 2010. From April 2022 to July 2025, Avenue also failed to establish and maintain a supervisory system, including written procedures, reasonably designed to achieve compliance with confirmation requirements. In particular, between June 2023 and October 2024, the firm failed to reasonably investigate and respond to red flags that its customer confirmations included inaccurate information. As a result, Avenue violated FINRA Rules 3110 and 2010. For these violations, Avenue is censured and fined $100,000.
FINRA v. Avenue Securities LLC (Case #2021072581901) – From January 2020 through March 2023, Avenue Securities, through its affiliated companies, provided advertising materials and marketing to customers in Brazil. On behalf of Avenue and its affiliated companies, those affiliates paid individuals with followings on social media sites (commonly known as “influencers”) to promote the firm in social media communications. Avenue Securities, through its affiliates, assisted in providing guidance to influencers about how to promote the Avenue brand. The content of the social media communications influencers posted on the firm’s behalf was not fair and balanced or made claims that were promissory or misleading. Therefore, the firm violated FINRA Rules 2210(d)(1), 2210(g), and 2010.
You do not have to accept investment losses caused by broker negligence or fraud. Gana Weinstein LLP represents investors, including customers of Avenue Securities LLC, in FINRA arbitration and in state and federal court, our consultations are free, and we welcome all inquiries.