Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of Firstrade Securities Inc. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
Firstrade Securities is an online discount brokerage that offers commission-free trading in stocks, exchange-traded funds, options, mutual funds, and bonds, along with cryptocurrency trading and AI-powered research tools. Founded in 1985 by John Liu and headquartered in Flushing, New York, the family-owned firm is a subsidiary of Firstrade Holding Corporation.
Firstrade Securities Inc. – By the Numbers:
- CRD #: 16843
- Regulatory Events: 7
- Arbitration Events: 2
- Broker Employees: 27
Firstrade Securities Inc. – In the News:
FINRA v. Firstrade Securities Inc. (Case #2022076785901) – From July to September 2022, Firstrade Securities distributed retail communications concerning crypto assets or crypto asset-related services which failed to clearly disclose that crypto assets were not offered through a registered broker-dealer, or which did not provide a fair and balanced presentation of the benefits and risks of the products discussed. Therefore, Firstrade Securities violated FINRA Rules 2210(d) and 2010 and is censured and fined $85,000.
Wondering whether you can sue your financial advisor or Firstrade Securities Inc.? The investment loss attorneys at Gana Weinstein LLP can answer that question after a free review of your account statements. We welcome all inquiries.