Securities Lawyers Blog
The securities lawyers at Gana Weinstein LLP represent investors who have been mistreated by their brokers and suffered investment losses. Our firm is experienced in bringing claims against brokerage firms, such as Credicorp Capital LLC, to hold Wall Street responsible for their misconduct. When a client contacts our firm they can expect that our attorneys will have the knowledge and ability to evaluate the potential claims and analyze their trading activity for red flags of misconduct. Our consultations are designed to help provide clients with all available options.
Credicorp Capital LLC is a broker-dealer offering brokerage and wealth management services as the United States brokerage affiliate of Credicorp Capital, the regional capital markets business of Peruvian financial group Credicorp. Formed in Florida in 2005 and headquartered on Brickell Avenue in Miami, the firm is part of a group with more than 130 years of history and operations in Peru, Colombia, Chile and the United States.
Credicorp Capital LLC – By the Numbers:
- CRD #: 136791
- Regulatory Events: 5
- Broker Employees: 31
Credicorp Capital LLC – In the News:
FINRA v. Credicorp Capital LLC (Case #2013035313903) – From March 12, 2012 to September 18, 2013, Ultralat, acting through various individuals including its former president and head trader, used non-market foreign exchange (FX) rates in certain bond swap transactions for retail customers, most of whom were referred to Ultralat by its parent company, without disclosing to those customers that the trades were executed with FX rates away from the current market rate. As a result, Ultralat acted in contravention of Section 17(a)(2) of the Securities Act of 1933, thereby violating FINRA Rule 2010. Ultralat also charged excessive markups ranging from 6.83% to 16.07% in three bond swap transactions, generating excessive charges of $48,055.84, in violation of NASD Conduct Rule 2440, IM-2440-1, and FINRA Rule 2010. Ultralat further failed to establish and maintain a supervisory system and written supervisory procedures reasonably designed to identify and prevent the use of non-market FX rates and excessive markups, in violation of NASD Conduct Rules 3010(a) and 3010(b) and FINRA Rule 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.