Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Digital Brokerage Services LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Digital Brokerage Services LLC is a Fidelity broker-dealer that provides securities brokerage to retail customers through a mobile app-based digital brokerage platform. Formed in Delaware in 2020, the firm clears customer transactions through its affiliates Green Pier Fintech and National Financial Services and is owned by FMR LLC through Fidelity Global Brokerage Group.
Digital Brokerage Services LLC – By the Numbers:
- CRD #: 308213
- Regulatory Events: 1
- Broker Employees: 68
Digital Brokerage Services LLC – In the News:
FINRA v. Digital Brokerage Services LLC (Case #2022076789701) – From July to September 2022, DBS distributed certain retail communications regarding its mobile application and crypto assets or crypto asset-related services that failed to clearly disclose that the crypto assets were not offered through a registered broker-dealer or that did not provide a fair and balanced presentation of the benefits and risks of the products discussed. Therefore, DBS violated FINRA Rules 2210(d) and 2010 and is censured and fined $85,000.
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.