Securities Lawyers Blog
We represent clients of financial advisors and brokerage firms in investment disputes against their firms, such as GWN 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.
GWN Securities is a broker-dealer and investment adviser that supports independent financial advisors with brokerage, managed account and model portfolio programs, and financial planning and consulting for individuals, trusts, estates, and businesses. Incorporated in Florida in 1999 and headquartered in Palm Beach Gardens, the firm is a subsidiary of World Investment Network, which also owns Money Concepts Capital Corp, and it offers custodial services through Pershing.
GWN Securities Inc. – By the Numbers:
- CRD #: 128929
- Regulatory Events: 2
- Broker Employees: 691
GWN Securities Inc. – Investment Advisors:
- SEC #: 62547
- Assets Under Management: $4,753,625,856
- ADV Form Employee: 707
GWN Securities Inc. – In the News:
FINRA v. GWN Securities Inc. (Case #2016047566601) – During the period from March 1, 2011 through February 29, 2016 (the “UIT Period”), GWN failed to identify and apply sales charge discounts to certain customers with eligible purchases of unit investment trusts (“UITs”), in violation of FINRA Rule 2010. In addition, GWN failed to establish, maintain and enforce a supervisory system and written supervisory procedures (“WSPs”) reasonably designed to ensure customers received sales charge discounts on all eligible UIT purchases and to monitor short-term trading in UITs, in violation of NASD Conduct Rules 3010(a) and 3010(b) (for conduct prior to December 1, 2014) and FINRA Rules 3110(a), 3110(b) (for conduct commencing on or after December 1, 2014) and 2010. Moreover, from August 30, 2014 through February 29, 2016 (the “VA Period”), GWN failed to establish and maintain a supervisory system and failed to establish, maintain and enforce WSPs reasonably designed to identify and determine if any of their registered representatives had inappropriate rates of variable annuity (“VA”) exchanges, in violation of FINRA Rule 2330(d), NASD Conduct Rule 3010 (for conduct prior to December 1, 2014), and FINRA Rules 3110 (for conduct commencing on or after December 1, 2014) 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.