Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Lime Trading Corp. 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.
Lime Trading is an agency-only broker-dealer that provides direct market access to United States equities, options, and futures through low-latency APIs, FIX connectivity, colocation, and web, mobile, and third-party trading platforms for active independent traders and institutional firms. Rooted in Lime Brokerage, which was founded in 2000 by hedge fund traders, the firm operates under the Lime Financial brand adopted in 2022 alongside affiliates Lime Advisory and Lime Crypto, with headquarters at 450 Seventh Avenue in New York.
Lime Trading Corp – By the Numbers:
- CRD #: 11826
- Regulatory Events: 4
- Broker Employees: 18
Lime Trading Corp – In the News:
FINRA v. Lime Trading Corp (Case #2020067466901) – From September 2016 through September 2020, Score Priority failed to develop and implement an anti-money laundering (AML) program reasonably designed to achieve and monitor the firm’s compliance with the Bank Secrecy Act and the implementing regulations thereunder. In particular, the firm did not establish and implement policies and procedures tailored to the firm’s business, which could be reasonably expected to detect and cause the report of suspicious activity arising from transactions and money movements in domestic and foreign-based retail accounts. The firm also failed to establish a risk-based customer identification program (CIP) that was tailored to the firm’s business and a due diligence program reasonably designed to detect and report, on an ongoing basis, any known or suspected money laundering activity conducted through or involving correspondent accounts for foreign financial institutions (FFIs). As a result, the firm violated FINRA Rules 3310(a) and (b) and 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.