Securities Lawyers Blog
Can I sue my brokerage firm? Investors with accounts at J. Alden Associates, Inc. ask the investment dispute attorneys at Gana Weinstein LLP that question when their losses do not match the market. In most cases the answer runs through FINRA arbitration, where claims for unsuitable investments, negligence, and failure to supervise are heard. Our attorneys can review your accounts, explain your options, and pursue a FINRA arbitration claim against the brokerage firm when the facts support one.
J. Alden Associates is an independent broker-dealer that provides brokerage, trading, account management, retirement planning and investment solutions for individual investors, operating alongside affiliated advisory firms under the Alden Investment Group brand. Founded in 1995 by Peter Alden Engelbach, the firm is based in the Philadelphia area.
J. Alden Associates, Inc. – By the Numbers:
- CRD #: 40002
- Regulatory Events: 3
- Broker Employees: 84
J. Alden Associates, Inc. – In the News:
FINRA v. J. Alden Associates, Inc. (Case #2022074390401) – J. Alden violated several regulatory requirements, designed to protect the investing public, relating to its financial operations, reporting, recordkeeping, and supervision. Between November 2021 and May 2024, J. Alden: conducted a securities business on 90 days during which it failed to maintain its required minimum net capital; failed to timely report a net capital deficiency; maintained inaccurate books and records by failing to use the accrual method of accounting; and failed to establish and maintain a supervisory system reasonably designed to ensure compliance with net capital and recordkeeping rules. Through this conduct, J. Alden violated Exchange Act §§15(c)(3) and 17(a), Exchange Act Rules 15c3-1, 17a-3 and 17a-11, and FINRA Rules 3110, 4110(b)(1), 4511, and 2010. For these violations, J. Alden is censured and fined $40,000.
FINRA disciplinary actions against a brokerage firm rarely tell the whole story of how customers were affected. If you were a customer of J. Alden Associates, Inc. during the periods described above, the FINRA attorneys at Gana Weinstein LLP can determine whether you have a claim. Our consultations are free.