Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Capitol Securities Management, 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.
Capitol Securities Management is a broker-dealer and registered investment adviser that provides brokerage, financial planning, portfolio management, pension consulting, and distribution of mutual funds, variable annuities, and pooled investment vehicles. Formed in Virginia in 1981 and headquartered in Glen Allen, the firm is a wholly owned subsidiary of CS Financial Group and clears its trades through Raymond James and Associates on a fully disclosed basis.
Capitol Securities Management, Inc. – By the Numbers:
- CRD #: 14169
- Regulatory Events: 10
- Arbitration Events: 2
- Broker Employees: 138
Capitol Securities Management, Inc. – Investment Advisors:
- SEC #: 41033
- Assets Under Management: $2,162,366,778
- ADV Form Employee: 170
Capitol Securities Management, Inc. – In the News:
FINRA v. Capitol Securities Management, Inc. (Case #2017052215401) – From March 15, 2011 to March 15, 2017 (the “Relevant Period”), Capitol failed to establish, maintain and enforce a supervisory system and written supervisory procedures reasonably designed to detect and prevent unsuitable short-term trading in Unit Investment Trusts (“UITs”). Based on the foregoing, Capitol violated NASD Rule 3010 and FINRA Rules 3110 and 2010. During the Relevant Period, Capitol also failed to retain instant messages from 41 employees, including the Firm’s senior management and compliance staff. Based on the foregoing, Capitol violated Section 17 of the Securities and Exchange Act of 1934 and Rule 17a-4 thereunder, NASD Rule 3110 and FINRA Rules 4511 and 2010.
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.