Securities Lawyers Blog
The securities attorneys at Gana Weinstein LLP represent investors in their disputes with brokerage firms, such as Garden State Securities, Inc.. Our firm can analyze your accounts and investments in order to determine if there was any broker misconduct in the handling of your accounts. Our analysis can reveal whether an investor has been a victim of misconduct such as unsuitable investments, unauthorized trading, excessive trading, or investment fraud.
Garden State Securities is a broker-dealer providing securities brokerage and wealth management services to investors. Formed in New Jersey in 1980 and headquartered at 328 Newman Springs Road in Red Bank, New Jersey, the firm is privately owned and led by chief executive Louis Perrotto.
Garden State Securities, Inc. – By the Numbers:
- CRD #: 10083
- Regulatory Events: 24
- Arbitration Events: 3
- Broker Employees: 55
Garden State Securities, Inc. – In the News:
FINRA v. Garden State Securities, Inc. (Case #2018058892501) – In August and September 2017, Garden State acted as the exclusive placement agent for the distribution of securities that were subject to a restricted period pursuant to Rule 101 of SEC Regulation M of the Securities Exchange Act of 1934. During the restricted period, a Garden State registered representative solicited two customer purchases of these securities in violation of Rule 101 and FINRA Rule 2010. During the same period, Garden State failed to establish, maintain, and enforce a supervisory system reasonably designed to achieve compliance with Rule 101, in violation of FINRA Rules 3110 and 2010.
FINRA v. Garden State Securities, Inc. (Case #2013035131702) – From July 2011 through June 2012, GSS failed to establish, maintain and enforce a reasonably-designed supervisory system and written supervisory procedures (“WSPs”) regarding the sales of leveraged, inverse, and inverse-leveraged exchange-traded funds (“Non-Traditional ETFs”). Based on the foregoing, GSS violated NASD Rule 3010 and FINRA Rule 2010. Additionally, from August 2012 through August 2013, GSS failed to properly mark and report 85 short sale transactions in violation of Rule 200(g) of Regulation SHO.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.