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 Daiwa Capital Markets America Inc., 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.
Daiwa Capital Markets America is a broker-dealer and futures commission merchant that focuses on sales and trading of Japanese, Asian, and U.S. equities, fixed income, and financial futures, along with investment banking for institutional customers. Incorporated in 1964 and based in New York, the firm is a primary dealer of U.S. Treasury securities and a member of the New York Stock Exchange and other major U.S. exchanges.
Daiwa Capital Markets America Inc. – By the Numbers:
- CRD #: 1576
- Regulatory Events: 30
- Broker Employees: 183
Daiwa Capital Markets America Inc. – In the News:
FINRA v. Daiwa Capital Markets America Inc. (Case #2015047420601) – Between December 2013 and March 2015 (the “Initial Period”) and between September 2015 and June 2016 (the “Secondary Period”), the Firm failed to deliver quarterly account statement to some customers who requested electronic only delivery of account statements. During the Initial Period, the Firm failed to deliver quarterly account statements to 93 direct customer accounts and 1,406 sub-accounts. During the Secondary Period, the Firm failed to deliver quarterly account statements to 57 direct customer accounts and 515 sub-accounts. Accordingly, the Firm violated NASD Rule 2340 and FINRA Rule 2010. After learning of the failure to deliver electronic account statements during the Initial Period, the Firm failed, during the period of June 9, 2015 to June 2016, to establish and maintain adequate supervisory systems to review whether it delivered quarterly account statements to customers who chose email-only delivery of account statements. As a result, the Firm failed to deliver account statements to customers in the Secondary Period. Accordingly, the Firm violated FINRA Rules 3110(a) 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 accounts. Our consultations are free and we welcome all inquiries.