Securities Lawyers Blog
When FINRA brings a disciplinary action against a brokerage firm, the findings frequently describe supervisory failures, unsuitable investment recommendations, or sales practice violations that affected many customers at once. The FINRA actions described below involve Bha Select Network, LLC. The FINRA arbitration lawyers at Gana Weinstein LLP represent investors in FINRA customer disputes against brokerage firms, and a firm’s regulatory record is often important evidence in those claims. Our attorneys can determine whether your investment losses are connected to the conduct FINRA identified.
BHA Select Network is a placement agent broker-dealer that raises capital for private investment funds. Organized in Massachusetts in 2008, the firm is headquartered at One Lincoln Street in Boston and is majority owned by Brighton House Associates.
Bha Select Network, LLC – By the Numbers:
- CRD #: 168883
- Regulatory Events: 2
- Broker Employees: 5
Bha Select Network, LLC – In the News:
FINRA v. Bha Select Network, LLC (Case #2017055209801) – From at least June 2017 until August 2017, McDermott permitted BHA to conduct a securities business while below its minimum net capital requirement. As a result, McDermott violated FINRA Rules 4110(b) and 2010, and BHA violated Section 15(c) of the Securities Exchange Act of 1934 (“Exchange Act”), Exchange Act Rule 15c3-1 promulgated thereunder, and FINRA Rules 4110(b) and 2010. In addition, from at least June 2017 until August 2017, McDermott and BHA failed to maintain books and records reflecting an accurate computation of BHA’s net capital and filed inaccurate Financial and Operational Combined Uniform Single (“FOCUS”) reports. As a result, McDermott violated FINRA Rules 4511 and 2010, and BHA violated Section 17(a) of the Exchange Act, Exchange Act Rules 17a-3 and 17a-5 promulgated thereunder, and FINRA Rules 4511 and 2010.
Our broker misconduct attorneys have successfully pursued FINRA arbitration claims against brokerage firms large and small. If your financial advisor at Bha Select Network, LLC lost your money, contact Gana Weinstein LLP for a free, no obligation consultation.