Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Kapitall Generation, LLC. 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.
Kapitall Generation is a broker-dealer that formerly offered online retail brokerage as an introducing broker through Apex Clearing and, since 2022, has provided clearing and execution services solely to 401(k) plans managed by its parent and advised by its affiliate WealthyX. Formed in Delaware in 2009, the firm is a wholly owned subsidiary of DCP360, which does business as SaveDay, and is based in Austin, Texas.
Kapitall Generation, LLC – By the Numbers:
- CRD #: 153157
- Regulatory Events: 1
- Broker Employees: 2
Kapitall Generation, LLC – In the News:
FINRA v. Kapitall Generation, LLC (Case #2020065242701) – Between January 23, 2020, and February 19, 2020, Kapitall conducted a securities business on 16 days while it failed to maintain the minimum required net capital. As a result, Respondent violated Exchange Act section 15(c) and Rule 15c3-1 thereunder, and FINRA Rules 4110(b) and 2010. In addition, on February 21, 2020, the Firm filed with the SEC and FINRA a notice of financial deficiency that inaccurately stated that the Firm failed to maintain the minimum net capital required beginning on January 31, 2020, when, in fact, the Firm’s failure began on January 23, 2020. As a result, Respondent violated Exchange Act section 17(a) and Rule 17a-11 thereunder, and FINRA Rule 2010.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.