Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Canaccord Genuity Wealth Management (USA) Inc.. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Canaccord Genuity Wealth Management (USA) is a broker-dealer and investment adviser that provides wealth management services to private clients. The firm was originally formed in Minnesota in 1976.
Canaccord Genuity Wealth Management (USA) Inc. – By the Numbers:
- CRD #: 7449
- Regulatory Events: 13
- Arbitration Events: 5
- Broker Employees: 72
Canaccord Genuity Wealth Management (USA) Inc. – Investment Advisors:
- SEC #: 106809
- Assets Under Management: $135,455,625
- ADV Form Employee: 32
Canaccord Genuity Wealth Management (USA) Inc. – In the News:
FINRA v. Canaccord Genuity Wealth Management (USA) Inc. (Case #2022073302501) – From at least December 2014 to March 2023, CGWM USA failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to review its associated persons’ securities transactions for potential violations of securities laws and FINRA rules. As a result, the firm violated FINRA Rules 3110 and 2010. In addition, between 2019 and 2021, CGWM USA failed to reasonably conduct required branch office inspections, or reduce inspections to written reports, in violation of FINRA Rules 3110(c) and 2010. Finally, from at least 2015 to 2020, CGWM USA failed to complete annual supervisory control system reviews and chief executive officer certifications in violation of FINRA Rules 3120, 3130, and 2010. As a result of these violations, CGWM USA is censured and fined $75,000.
FINRA v. Canaccord Genuity Wealth Management (USA) Inc. (Case #2018059630401) – From March 2017 through March 2020, Canaccord failed to establish, maintain, and enforce a supervisory system, including written procedures, reasonably designed to achieve compliance with FINRA’s suitability rule in connection with sales of private placements in violation of FINRA Rules 3110 and 2010. Between March 2017 and August 2018, Canaccord failed to timely file required documents with FINRA related to 12 private placements sold by its representatives in violation of FINRA Rules 5123 and 2010. Further, from March to June 2017, Canaccord violated NASD Rule 1031 and FINRA Rule 2010 by allowing an unregistered person to engage in its securities business.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.