Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Gar Wood Securities, LLC. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Gar Wood Securities is a broker-dealer registered with FINRA. The firm was organized in Delaware in 2004.
Gar Wood Securities, LLC – By the Numbers:
- CRD #: 138033
- Regulatory Events: 3
- Broker Employees: 30
Gar Wood Securities, LLC – In the News:
FINRA v. Gar Wood Securities, LLC (Case #2019061062701) – Gar Wood violated Rule 203(b)(1) of Regulation SHO of the Securities Exchange Act of 1934 and FINRA Rule 2010 by accepting approximately 2,000 short sale orders without obtaining locates between May 2016 and May 2019. During the same period, Gar Wood also failed to maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with Rule 203(b) in violation of FINRA Rules 3110 and 2010. From May 2016 through August 2018, Gar Wood violated FINRA Rules 7230A and 2010 by causing 867,930 transactions to be reported to the FINRA Trade Reporting Facility (FINRA TRF) with an inaccurate capacity symbol. Further, from May 2016 through June 2019, Gar Wood also failed to maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with its trade reporting obligations in violation of FINRA Rules 3110 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.