Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Independence Capital Co., Inc., were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Independence Capital Company is a broker-dealer and investment adviser offering equities, corporate debt, mutual funds, government and municipal securities, variable life insurance and annuities, private placements and real estate syndications, with clearing through Hilltop Securities. Formed in Ohio in 1989 and headquartered in Parma, Ohio, the independently owned firm is registered in 38 states and territories.
Independence Capital Co., Inc. – By the Numbers:
- CRD #: 24723
- Regulatory Events: 4
- Arbitration Events: 1
- Broker Employees: 42
Independence Capital Co., Inc. – Investment Advisors:
- SEC #: 136903
- Assets Under Management: $118,696,378
- ADV Form Employee: 43
Independence Capital Co., Inc. – In the News:
FINRA v. Independence Capital Co., Inc. (Case #2022074289902) – Between August 2020 and February 2021, Independence Capital and Twarogowski failed to reasonably supervise five representatives’ recommendations of GWG L Bonds. Independence Capital also failed to establish and maintain written procedures reasonably designed to achieve compliance with Reg BI. Accordingly, Independence Capital and Twarogowski violated FINRA Rules 3110 and 2010, and Independence Capital willfully violated Exchange Act Rule 15l-1(a)(1) under the Securities Exchange Act of 1934 (Reg BI) and violated FINRA Rule 2010 by failing to comply with the Compliance Obligation of Reg BI. For these violations, Independence Capital is censured, ordered to pay $168,680 in partial restitution, plus interest, and agreed to an undertaking. Twarogowski is suspended for three months in all principal capacities, fined $5,000 and agreed to an undertaking to complete 20 hours of continuing education.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms, including firms such as Independence Capital Co., Inc. Our consultations are free and we welcome all inquiries.