Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Bulltick, LLC, to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
Bulltick is a broker-dealer that executes United States traded equities, exchange-traded funds, and ADRs as agent for customers mainly in Latin America, helps convert ADRs into local shares, and trades ETFs, ADRs, and foreign debt mostly on a riskless principal basis. Formed in Delaware in 2000, the firm has been based on Brickell Avenue in Miami with representative offices in Mexico City and Bogota, and its sole member is Bulltick Capital Markets Holdings.
Bulltick, LLC – By the Numbers:
- CRD #: 104005
- Regulatory Events: 11
- Broker Employees: 48
Bulltick, LLC – In the News:
FINRA v. Bulltick, LLC (Case #2016049037401) – In connection with matter 20160490374, the Order Audit Trail System (“OATS”) Compliance Team of the Department of Market Regulation reviewed the firm’s compliance with OATS reporting requirements during the period from July 1, 2015, through April 29, 2016 (the “review period”). During the review period, the firm failed to report Reportable Order Events (“ROEs”) to OATS, as described below, and as a result, the firm violated FINRA Rule 7450(a). Further, during the review period, the firm failed to have adequate supervision concerning OATS reporting, in violation of FINRA Rules 3110 and 2010.
FINRA v. Bulltick, LLC (Case #2015048101801) – In 2015 Bulltick’s written supervisory procedures did not adequately document the process and procedure for allocating certain of its customers’ desk-executed trades to ensure that trade allocations were accurate. Bulltick also permitted the head of an equities trading desk to supervise his own trading in his personal accounts and in a proprietary firm account. As a result, Bulltick violated FINRA Rules 3110(a) and 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.