Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Mcap LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
MCAP is a broker-dealer that specializes in securities market making, proprietary trading, and investment banking, including Regulation D private placements and corporate finance advisory services. Formerly known as Madison Capital Markets and based in New York City, the firm is a wholly owned subsidiary of Madison Merchant Group and adopted its current name in 2015.
Mcap LLC – By the Numbers:
- CRD #: 139515
- Regulatory Events: 4
- Broker Employees: 49
Mcap LLC – In the News:
FINRA v. Mcap LLC (Case #2023077010801) – MCAP failed to conduct any independent testing of its anti-money laundering (AML) program in calendar years 2021 and 2022, and the firm’s independent testing of its AML program in calendar years 2023 and 2024 was unreasonable, in violation of FINRA Rules 3310(c) and 2010. For these violations, MCAP is censured and fined $15,000.
FINRA v. Mcap LLC (Case #2019062640302) – From at least October 2017 to May 2024, MCAP violated FINRA Rules 3110 and 2010 by failing to establish and maintain a system reasonably designed to supervise the firm’s electronic communications. During this period, MCAP’s written procedures failed to identify who was responsible for conducting supervisory reviews of its designated principals’ electronic communications, and the firm allowed certain designated principals to conduct supervisory reviews of their own electronic communications. As a result, MCAP failed to reasonably review thousands of electronic communications sent or received by its designated principals over an approximate seven-year period. In addition, from at least October 2017 to October 2025, MCAP violated FINRA Rules 3110 and 2010 by failing to reasonably supervise both the firm’s OTC sponsorship and market making businesses for compliance with Rule 15c2-11 under the Securities Exchange Act of 1934 and for compliance with FINRA Rule 6432.
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.