Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Mariva Capital Markets, LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Mariva Capital Markets is an independent broker-dealer that provides trading and brokerage of global securities, including bonds, stocks, mutual funds, options, structured notes and currencies, along with custody, settlement and execution services for institutions and high-net-worth individuals. Based in Miami, Florida, the firm is the United States business unit of the Argentine financial group Mariva and offers access to more than 60 markets and 50 currencies through its clearing partners Pershing and StoneX.
Mariva Capital Markets, LLC – By the Numbers:
- CRD #: 156171
- Regulatory Events: 1
- Broker Employees: 23
Mariva Capital Markets, LLC – In the News:
FINRA v. Mariva Capital Markets, LLC (Case #2015043415301) – During the time period between September 19, 2013 and March 24, 2015 (the “relevant time period”), MCM failed to establish and implement an adequate anti-money laundering (“AML”) program and AML compliance procedures (“AMLCP”) reasonably tailored to the account activity of one of the firm’s customers that represented the vast majority of MCM’s revenues. This customer was a bank affiliate of the firm, and also a foreign financial institution (“FFI”). During the relevant time period, the affiliate engaged primarily in trading of Argentinian debt in an amount in excess of $1 billion. The firm failed to adequately identify and investigate red flags of potentially suspicious activity triggered by the affiliate’s trading. In addition, MCM relied primarily on verbal representations of the affiliate regarding the nature and purpose of the account and failed to adequately assess the money laundering risks posed by the account, as required by 31 C.F.R. § 1010.610(a)(2), failed to perform periodic reviews of account activity sufficient to determine whether the affiliate’s verbal representations about the account trading had been accurate, as required by 31 C.F.R. § 1010.610(a)(3), and failed to conduct enhanced due diligence (“EDD”) on the affiliate, as required by 31 C.F.R. § 1010.610(b). MCM’s conduct violated FINRA Rules 3310(a) and (b) and 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.