Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Bradesco Investments Inc., 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.
Bradesco Investments is a full-service broker-dealer offering retail investors access to equities, fixed income, ETFs, mutual funds, options, currencies, structured products and margin lending. Organized in Florida in 1986 and based in Miami, the firm is affiliated with Bradesco Bank and the investment adviser Bradesco Global Advisors, part of Brazil’s Bradesco financial group.
Bradesco Investments Inc. – By the Numbers:
- CRD #: 19453
- Regulatory Events: 1
- Broker Employees: 61
Bradesco Investments Inc. – In the News:
FINRA v. Bradesco Investments Inc. (Case #2014041264602) – In connection with Matter No. 20140412646, the Fixed Income Investigation staff of FINRA’s Department of Market Regulation reviewed certain fixed income securities transactions executed by the firm during the period between July 1, 2013 and June 30, 2014 (the “Review Period”). During the Review Period, the firm, acting through its former Chief Executive Officer (“CEO”) and Head Trader, engaged in 61 pre-arranged, fixed-income securities transactions with Firm A, another registered broker-dealer, prior to purchasing bonds from, or selling bonds to, customers of Firm B, a registered investment advisor and manager of customer accounts held with the firm. These pre-arranged trades allowed the firm to circumvent a fee agreement it had with Firm B, which limited to no more than 15 basis points the commissions the firm could charge on bond transactions with the customers of Firm B. The firm then published and circulated reports of the non-bona fide pre-arranged transactions in FINRA’s Trade Reporting and Compliance Engine (“TRACE”). The firm’s conduct violated FINRA Rules 5310, 5210, and 2010. In addition, the firm’s supervisory system and its written supervisory procedures (“WSPs”), particularly with respect to the firm’s supervision of its former Head Trader, were not reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. As a result, the firm also violated NASD Rule 3010 (for conduct on and prior to November 30, 2014), FINRA Rule 3110 (for conduct on and after December 1, 2014), and FINRA Rule 2010.
FINRA disciplinary actions against a brokerage firm rarely tell the whole story of how customers were affected. If you were a customer of Bradesco Investments Inc. during the periods described above, the FINRA attorneys at Gana Weinstein LLP can determine whether you have a claim. Our consultations are free.