Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Lampert Capital Markets Inc.. 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.
Lampert Capital Markets is a broker-dealer and investment banking firm that executes securities transactions for clients through a clearing broker and provides capital markets services. Incorporated in New York in 1998 and based in Manhattan, the firm is led by chairman and chief executive officer Stewart Lampert.
Lampert Capital Markets Inc. – By the Numbers:
- CRD #: 103725
- Regulatory Events: 1
- Arbitration Events: 1
- Broker Employees: 12
Lampert Capital Markets Inc. – In the News:
FINRA v. Lampert Capital Markets Inc. (Case #2019061158901) – Between November 2018 and May 2019, Lampert Capital Markets misclassified certain non-allowable receivables as allowable assets and failed to deduct those receivables from its net worth in computing net capital. Consequently, the firm overstated its net capital during the period, and it operated a securities business on one day during the period while below its net capital requirement. As a result, the firm violated § 15(c) of the Securities Exchange Act of 1934, Exchange Act Rule 15c3-1, and FINRA Rules 4110(b)(1) and 2010. Relatedly, the firm maintained inaccurate books and records concerning its allowable assets and net capital and filed six inaccurate Financial and Operational Combined Uniform Single (FOCUS) reports during the same period. As a result, the firm violated Exchange Act § 17(a), Exchange Act Rules 17a-3 and 17a-5, and FINRA Rules 4511(a) and 2010. In addition, the firm failed to provide required notifications to FINRA and the SEC regarding its net capital levels on four occasions during the relevant period. As a result, the firm violated Exchange Act § 17(a), Exchange Act Rule 17a-11, and FINRA Rule 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.