Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Cova Capital Partners LLC. 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.
Cova Capital Partners is a broker-dealer that provides corporate finance services, including capital raising and advisory work that helps high-growth, emerging, and middle market companies secure financing from institutional, qualified, and accredited investors and lenders for growth, turnaround, or recapitalization. Formed in New York in 2000, the firm is headquartered in Syosset on Long Island.
Cova Capital Partners LLC – By the Numbers:
- CRD #: 109761
- Regulatory Events: 2
- Broker Employees: 10
Cova Capital Partners LLC – In the News:
FINRA v. Cova Capital Partners LLC (Case #2019060753601) – Between June 2018 and December 2021, Cova recommended three private placements to retail customers without conducting due diligence sufficient to form a reasonable basis to believe that the offerings were suitable for or in the best interests of at least some investors. As a result, Cova willfully violated Rule 15l-1(a)(1) under the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI) and violated FINRA Rules 2111 and 2010. Additionally, between June 2018 and December 2023, Cova failed to establish, maintain, and enforce a supervisory system, including written policies and procedures, reasonably designed to achieve compliance with its suitability and best interest obligations in connection with its sale of private placement offerings. As a result, Cova willfully violated Reg BI’s Compliance Obligation and violated FINRA Rules 3110 and 2010. Cova also violated FINRA Rules 5123 and 2010 by failing to make a timely filing in connection with one private placement offering.
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 accounts. Our consultations are free and we welcome all inquiries.