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 Dalmore Group 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.
Dalmore Group is a broker-dealer specializing in helping companies raise capital through Regulation A+, Regulation Crowdfunding, and Regulation D offerings, providing marketing guidance, compliance review, investor verification checks, and secondary trading through alternative trading system partners. Based in New York and offering investment banking services since 2005, the firm served more than 85 Regulation A+ clients in 2020, including private and publicly listed companies in the United States and Canada.
Dalmore Group LLC – By the Numbers:
- CRD #: 136352
- Regulatory Events: 2
- Broker Employees: 11
Dalmore Group LLC – In the News:
FINRA v. Dalmore Group LLC (Case #2021069395701) – From January 2019 to December 2022, Dalmore failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with its suitability and best interest obligations in connection with its sale of private placements, in violation of Rule 15l-1(a)(1) under the Securities Exchange Act of 1934 (Regulation Best Interest or Reg BI), and FINRA Rules 3110 and 2010. During the same period, Dalmore failed to establish and maintain a reasonable supervisory system to prevent misuse of material non-public information, in violation of FINRA Rules 3110 and 2010. From January 2019 to the present, Dalmore has failed to fingerprint non-registered associated persons who are required to be fingerprinted, in violation of Section 17(f) of the Exchange Act, Exchange Act Rule 17f-2, and FINRA Rule 2010. From October 2019 to the present, Dalmore has failed to report, or to timely report, the outside business activities of ten of its registered representatives on their Uniform Applications for Securities Industry Registration (Forms U4), in violation of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010. From October 2020 to the present, Dalmore has violated content standards in FINRA Rule 2210 through retail communications on three websites and in one web-based video series promoting the firm’s securities business. From May 2022 to at least September 2023, Dalmore failed to specify a date by which a private offering’s minimum raise contingency had to be met, and released investor funds to the issuer before the contingency was met, in willful violation of Section 10(b) of the Exchange Act and Exchange Act Rule 10b-9, and in violation of FINRA Rule 2010. Finally, from August 2022 to January 2023, Dalmore provided late, incomplete, and inaccurate responses to FINRA requests for documents and information, in violation of FINRA Rules 8210 and 2010.
FINRA v. Dalmore Group LLC (Case #2019060754601) – Between March 2017 and December 2018, Dalmore failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to ensure that the firm complied with its due diligence obligations, in violation of FINRA Rules 3110 and 2010. From April 2017 through February 2019, Dalmore also failed to submit required offering documents to FINRA within 15 calendar days of the date of first sale for 26 private placements, in violation of FINRA Rules 5123 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. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.