Securities Lawyers Blog
Retirement savers who have suffered IRA investment losses or other retirement account losses often have claims they are not aware of. Brokerage firms such as M Holdings Securities, Inc. owe their customers a duty of care, and a breach of fiduciary duty, a breach of contract, or negligent supervision of a financial advisor can make a firm liable for the resulting losses. The investment loss lawyers at Gana Weinstein LLP represent retirees and other investors in FINRA arbitration claims to recover those losses.
M Holdings Securities is an independent broker-dealer that provides commission-based brokerage, fee-based account management, and insurance-related securities products such as variable life insurance and annuities through the member firms of M Financial Group. Based in Portland, Oregon, the firm is a subsidiary of M Financial Group and supports affiliated advisory firms and franchise offices across the United States.
M Holdings Securities, Inc. – By the Numbers:
- CRD #: 43285
- Regulatory Events: 5
- Broker Employees: 637
M Holdings Securities, Inc. – Investment Advisors:
- SEC #: 57304
- Assets Under Management: $3,206,330,654
- ADV Form Employee: 1,442
M Holdings Securities, Inc. – In the News:
FINRA v. M Holdings Securities, Inc. (Case #2017052293001) – From December 2013 through June 2015, M Holdings failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to supervise representatives’ use of consolidated reports. Based on the foregoing, M Holdings violated NASD Rule 3010 and FINRA Rules 3110 and 2010. In addition, on June 29, 2015, one of M Holdings’ registered representatives, MS, requested the firm’s approval to engage in private securities transactions involving a private offering of limited partnership interests in a commercial real estate project. M Holdings approved MS’s request and then failed to supervise 20 transactions involving sales of the private offering by MS to investors, totaling $18,755,000. As a result, M Holdings violated NASD Rule 3040, and FINRA Rules 3110 and 2010.
FINRA arbitration is faster and less formal than court, and most claims against brokerage firms such as M Holdings Securities, Inc. are resolved there. The securities arbitration attorneys at Gana Weinstein LLP can explain how to file a FINRA claim and what to expect. Our consultations are free and we welcome all inquiries.