Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Innovation Partners LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Innovation Partners is a diversified financial services and consulting firm whose investment banking practice provides acquisition financing, capital raising for financial sponsor funds, project finance, private placements, valuations, and strategic advisory work such as going-private transactions and share repurchase strategies. Formed in North Carolina in 2007, the firm is based on Fairview Road in Charlotte and is also registered with the SEC as an investment adviser.
Innovation Partners LLC – By the Numbers:
- CRD #: 146344
- Regulatory Events: 1
- Broker Employees: 340
Innovation Partners LLC – Investment Advisors:
- SEC #: 78702
- Assets Under Management: $21,681,537
- ADV Form Employee: 305
Innovation Partners LLC – In the News:
FINRA v. Innovation Partners LLC (Case #2016050957901) – From on or about October 28, 2016 through on or about August 15, 2019 (the Relevant Period), IP and Yanique Lawrence, the firm’s President and Chief Executive Officer (CEO), permitted Patrick Emanuel Sutherland (Sutherland) to associate with the firm and engage in clerical and managerial activities on behalf of the firm, despite the fact that Sutherland was statutorily disqualified from associating with the firm and his registrations had been terminated. As a result, IP and Lawrence violated NASD Membership and Registration Rule 1021, FINRA Rules 8311 and 2010 and Article III, Section 3(b) of FINRA’s By-Laws. During the Relevant Period, IP and Lawrence failed to establish, maintain and enforce a supervisory system reasonably designed to ensure that unregistered and/or statutorily disqualified individuals were not acting in a capacity that required registration or that individuals no longer registered with the broker-dealer did not have access to its systems. As a result, IP and Lawrence violated FINRA Rules 3110 and 2010. During Enforcement’s investigation, Lawrence failed to provide documents and information to FINRA in response to requests made pursuant to FINRA Rule 8210. Eventually, FINRA received a partial response. After the Complaint was filed, FINRA received a response, which was untimely. As a result, Lawrence violated FINRA Rules 8210 and 2010. The findings herein are pursuant to Respondents IP and Lawrence’s Offer of Settlement and are not binding on any other person or entity named as a respondent in this or any other proceeding.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.