Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Home Financial Services, Inc.. 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.
Home Financial Services is a broker-dealer that acts as an investor and broker primarily for its parent bank and the bank’s customers, dealing mainly in United States government and federal agency securities, municipal obligations, and commercial paper. Registered as a broker-dealer since 1984, the firm operates from a single office on Market Street in Knoxville, Tennessee, as a wholly owned subsidiary of Home Federal Bank of Tennessee.
Home Financial Services, Inc. – By the Numbers:
- CRD #: 14716
- Regulatory Events: 2
- Broker Employees: 3
Home Financial Services, Inc. – In the News:
FINRA v. Home Financial Services, Inc. (Case #2021069383201) – Between May 2018 and July 2021, Home Financial failed to include information required on customer confirmations for municipal securities transactions, specifically the time of execution and information related to mark-ups or mark-downs, in violation of Municipal Securities Rulemaking Board (MSRB) Rule G-15. Additionally, between August 2016 and June 2020, Home Financial incorrectly applied the non-transaction-based compensation (NTBC) special condition indicator to reports of municipal securities transactions to the MSRB’s Real-time Transaction Reporting System (RTRS), in violation of MSRB Rule G-14. Between at least August 2016 and January 2023, the firm failed to establish and maintain a supervisory system, and establish, maintain, and enforce written supervisory procedures (WSPs), reasonably designed to achieve compliance with certain requirements of MSRB Rules G-15 and G-14, in violation of MSRB Rule G-27.
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.