Securities Lawyers Blog
The investment fraud lawyers at Gana Weinstein LLP represent investors nationwide in FINRA arbitration claims against brokerage firms such as JVM Securities, LLC. Retirement account losses, structured product losses, private placement losses, and losses in non-traded REITs and other alternative investments are frequently the result of unsuitable recommendations rather than ordinary market risk. Our attorneys can analyze your investments, determine whether your broker or financial advisor acted improperly, and pursue recovery of your losses.
JVM Securities is a broker-dealer that distributes limited partnership interests and private placements, serving as the securities affiliate of JVM Realty, a multifamily real estate investment and property management company. Formed in Delaware in 2017 and based in Oak Brook, Illinois, the firm is linked to apartment investments across Illinois, Indiana, Kansas, Missouri and Wisconsin.
JVM Securities, LLC – By the Numbers:
- CRD #: 290327
- Regulatory Events: 1
- Broker Employees: 7
JVM Securities, LLC – In the News:
FINRA v. JVM Securities, LLC (Case #2022073329701) – Since June 30, 2020, JVM Securities has failed to establish and maintain written policies and procedures, and a supervisory system, reasonably designed to achieve compliance with Securities Exchange Act of 1934 Rule 15l-1 (Regulation Best Interest or Reg BI). As a result, the firm has willfully violated Exchange Act Rule 15l-1(a)(1) and has violated FINRA Rules 3110 and 2010. Between June 30, 2020, and July 18, 2023, JVM Securities also failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with its Exchange Act Rule 17a-14 obligations to prepare, file, and deliver its customer relationship summary (Form CRS). JVM Securities therefore violated FINRA Rules 3110 and 2010. Finally, JVM Securities failed to comply with its regulatory obligations, including its supervisory obligations, relating to private placement offerings. The firm failed, from April 2020 to March 2022, to timely file required documents with FINRA for three private placement offerings that the firm sold to retail investors, in violation of FINRA Rules 5123 and 2010. Additionally, from October 27, 2018, to February 28, 2022, JVM Securities failed to establish and maintain a supervisory system, including WSPs, reasonably designed to achieve compliance with FINRA Rule 5123. During this period, the firm’s WSPs designated an individual who was no longer associated with the firm as the principal responsible for filing with FINRA required documents related to private placement offerings. Accordingly, the firm violated FINRA Rules 3110 and 2010.
The FINRA actions described above involve JVM Securities, LLC itself, and investors whose losses are connected to the conduct FINRA identified may have claims against the firm. Gana Weinstein LLP offers free consultations and we welcome all inquiries.