Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Bolt-X LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Bolt-X is a broker-dealer that provides market access and execution services to broker-dealers, institutional customers, and professional traders, makes markets in Nasdaq-listed securities, conducts agency trading in corporate and Treasury bonds, and arranges repurchase agreements on an agency basis. Formerly known as Dart Executions and formed in Delaware in 2006, the Chicago-based firm is controlled by Sumo Holdings and shares common control with Sumo Investment Management, Rapid Execution Services, and Sumo Capital.
Bolt-X LLC – By the Numbers:
- CRD #: 140802
- Regulatory Events: 3
- Broker Employees: 8
Bolt-X LLC – In the News:
FINRA v. Bolt-X LLC (Case #2013037736501) – In Matter No. 20150451749, the Trading and Financial Compliance Examination staff of FINRA’s Department of Market Regulation reviewed the firm’s compliance with Order Audit Trail System (“OATS”) reporting requirements on July 13, 2015 as part of its 2015 cycle examination of the firm. From approximately January 15, 2008 to November 25, 2015, the firm failed to transmit approximately 1,921,000 Reportable Order Events (“ROEs”) to OATS because it did not submit a new route report after submitting a cancel/replace report, in violation of NASD Rule 6955 (for conduct before December 15, 2008) and FINRA Rule 7450 (for conduct on or after that date).
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.