Securities Lawyers Blog
If you have lost money in your accounts at Celadon Financial Group LLC, you may be asking whether you can sue your financial advisor or your brokerage firm. The investment loss attorneys at Gana Weinstein LLP help investors answer that question every day. Brokerage firms are responsible for supervising their brokers, and when a firm fails to supervise, misrepresents an investment, or recommends unsuitable investments, the investor can file a FINRA arbitration claim to recover investment losses.
Celadon Financial Group is a full-service broker-dealer that offers equity and fixed income brokerage, municipal securities, options, mutual funds, variable annuities, underwriting and capital markets services. Formed in Delaware in 2009 as the successor to Securities and Investment Planning Company, the firm is headquartered in Morristown, New Jersey, and is registered in 35 states and territories.
Celadon Financial Group LLC – By the Numbers:
- CRD #: 36538
- Regulatory Events: 9
- Arbitration Events: 1
- Broker Employees: 28
Celadon Financial Group LLC – In the News:
FINRA v. Celadon Financial Group LLC (Case #2022074778801) – From January 2021 to October 2021, Celadon violated Rule 606(a) of Regulation NMS and FINRA Rule 2010 when it published four quarterly reports that provided inaccurate information about its handling of customers’ orders in National Market System (NMS) securities. In addition, from January 2021 to December 2022, Celadon and Waldman failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with the requirements of Rule 606(a) of Regulation NMS. As a result, the firm and Waldman violated FINRA Rules 3110 and 2010. From April 2019 through December 2020, Celadon failed to develop and implement a written AML compliance program reasonably designed to achieve compliance with the requirements of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, the firm failed to establish and implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious transactions in low-priced securities, and failed to establish and implement an AML compliance program that included risk-based procedures for conducting ongoing monitoring to identify and report suspicious transactions. As a result, the firm violated FINRA Rules 3310(a), 3310(f), and 2010.
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 Celadon Financial Group LLC accounts. Our consultations are free and we welcome all inquiries.