Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Comerica Securities. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Comerica Securities is a broker-dealer and investment adviser that provides securities products and services, including variable annuities, to retail and institutional clients and may participate in underwriting syndicates for firm commitment offerings. Formed in Michigan in 1985 as an indirect subsidiary of Comerica Bank within Comerica Incorporated, the firm was long based at 411 West Lafayette in Detroit and now lists its main office in Auburn Hills, Michigan.
Comerica Securities – By the Numbers:
- CRD #: 17079
- Regulatory Events: 13
- Arbitration Events: 3
- Broker Employees: 23
Comerica Securities – In the News:
FINRA v. Comerica Securities (Case #2015046581901) – In connection with Review No. 20150465819, Department of Market Regulation staff reviewed the firm’s compliance with Municipal Securities Rulemaking Board (“MSRB”) rules during the period December 1, 2013 through December 31, 2014. During the review period, the firm effected 15 customer transactions in a municipal security in an amount lower than the minimum denomination of the issue, in violation of MSRB Rule G-15(f). In addition, the firm’s supervisory system did not provide for supervision reasonably designed to achieve compliance with the MSRB’s minimum denomination requirements, in violation of MSRB Rule G-27.
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.