Securities Lawyers Blog
A concentrated investment portfolio, a failure to diversify, or an investment with far more risk than the investor understood are common causes of large investment losses. The broker negligence attorneys at Gana Weinstein LLP help investors at firms such as Curvature Securities LLC determine whether their financial advisor breached the duty to recommend suitable investments and, when the advisor did, pursue recovery through FINRA arbitration.
Curvature Securities is an institutional broker-dealer specializing in securities lending and borrowing through a matched book of repurchase and reverse repurchase agreements, along with stock lending, prime brokerage, and clearance and settlement of United States Treasuries and equities. Established in Delaware in 2013 as a subsidiary of Curvature Holdings, the firm is headquartered in Chatham, New Jersey, with an additional office in Florida.
Curvature Securities LLC – By the Numbers:
- CRD #: 169708
- Regulatory Events: 1
- Broker Employees: 50
Curvature Securities LLC – In the News:
FINRA v. Curvature Securities LLC (Case #2023077005701) – From February 28, 2023 through October 6, 2023, Curvature failed to accurately calculate its required customer reserve on 32 occasions, resulting in 27 hindsight deficiencies ranging from $20,906 to $6,846,329. The firm’s failure to accurately calculate its customer reserve obligations caused the firm to maintain inaccurate books and records and to make eight FOCUS filings inaccurately reporting its customer reserve. As a result of the foregoing, Curvature violated Sections 15(c) and 17(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), Rules 15c3-3, 17a-3, 17a-4, and 17a-5 thereunder, and FINRA Rules 4511 and 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. If you have concerns about your accounts at Curvature Securities LLC, our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.