Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Gelber Securities, LLC. Our services cover a wide spectrum of broker misconduct, including unsuitable investments, failure to supervise, and losses in various investment products. Our firm can analyze your brokerage accounts, determine the extent of your investment losses, and understand the issues and remedies available.
Gelber Securities is a proprietary trading broker-dealer that trades for its own account, mainly in United States government securities, futures and options on futures, equities, equity options, and exchange-traded funds. Based at 350 North Orleans Street in Chicago, the firm is wholly owned by Gelber Group, a Chicago futures commission merchant and member of the Chicago Board of Trade and Chicago Mercantile Exchange.
Gelber Securities, LLC – By the Numbers:
- CRD #: 18367
- Regulatory Events: 9
- Broker Employees: 58
Gelber Securities, LLC – In the News:
FINRA v. Gelber Securities, LLC (Case #2018058651301) – On November 16, 2017 and March 5, 2018, the Firm violated Rule 14e-4 promulgated under the Securities Exchange Act of 1934, as amended (“SEA Rule 14e-4”) and FINRA Rule 2010 when it tendered shares in excess of its net long position, as defined under SEA Rule 14e-4, in two separate partial tender offers. Additionally, from October 2017 through April 2019, the Firm violated FINRA Rules 3110(a) and (b) and 2010 in that its supervisory systems and written supervisory procedures (“WSPs”) were not reasonably designed to achieve compliance with SEA Rule 14e-4.
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.