Securities Lawyers Blog
Can I sue my brokerage firm? Investors with accounts at MCM Securities LLC ask the investment dispute attorneys at Gana Weinstein LLP that question when their losses do not match the market. In most cases the answer runs through FINRA arbitration, where claims for unsuitable investments, negligence, and failure to supervise are heard. Our attorneys can review your accounts, explain your options, and pursue a FINRA arbitration claim against the brokerage firm when the facts support one.
MCM Securities is a limited purpose broker-dealer whose business is confined to placing exempt private placement offerings with accredited investors, specifically offerings related to UGOC real estate projects. Organized in Delaware in 1996, the firm operates without a public website and is reached through an upstate New York contact number.
MCM Securities LLC – By the Numbers:
- CRD #: 41571
- Regulatory Events: 1
- Broker Employees: 6
MCM Securities LLC – In the News:
FINRA v. MCM Securities LLC (Case #2017053724401) – Between April 2014 and June 2016, MCM distributed offering documents in connection with the sale of three unregistered offerings that failed to disclose the relationship between the issuers and MCM. By reason of the foregoing, MCM violated FINRA Rules 2210(d)(1)(A) and 2010. In addition, during the period July 20, 2016 through June 6, 2017, MCM conducted a securities business while failing to maintain sufficient net capital, maintained inaccurate financial books and records, and failed to file accurate quarterly FOCUS reports. Based on the foregoing, MCM violated Sections 15(c) and 17(a) of the Securities Exchange Act of 1934 (“SEA”), SEA Rules 15c3-1, 17a-3 and 17a-5 promulgated thereunder, and FINRA Rules 4511 and 2010.
Gana Weinstein LLP represents investors nationwide, including customers of MCM Securities LLC, in FINRA arbitration claims to recover investment losses caused by unsuitable investments, failure to supervise, and other broker misconduct. Our consultations are free and there is no obligation.