Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as Glendale Securities, Inc.. 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.
Glendale Securities is an introducing broker-dealer that handles agency and principal transactions in equities and mutual funds, conducts proprietary trading, sells mutual funds directly, and provides DTC eligibility services to securities issuers. Incorporated in California in 2002, the firm operates from locations in Sherman Oaks, California, New York, New York, and Coeur d’Alene, Idaho, and it has cleared its transactions through Wilson-Davis since 2018.
Glendale Securities, Inc. – By the Numbers:
- CRD #: 123649
- Regulatory Events: 6
- Broker Employees: 12
Glendale Securities, Inc. – In the News:
FINRA v. Glendale Securities, Inc. (Case #2019062351401) – Between June 2018 and April 2019, Glendale failed to develop and implement an AML compliance program reasonably designed to detect and report suspicious transactions. As a result, the firm failed to investigate red flags of potentially suspicious trading activity in the account of one of its corporate customers. Through this conduct, the firm violated FINRA Rules 3310(a) and 2010.
FINRA v. Glendale Securities, Inc. (Case #2016049565901) – Member firm and the AMLCO failed to maintain a reasonable AML program and failed to identify and investigate red flags. The firm, AMLCO, and CCO failed to supervise. Held, findings affirmed and sanctions modified.
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.