Securities Lawyers Blog
The investment fraud lawyers at Gana Weinstein LLP represent investors nationwide in FINRA arbitration claims against brokerage firms such as Mid Atlantic Clearing & Settlement Corporation. Retirement account losses, structured product losses, private placement losses, and losses in non-traded REITs and other alternative investments are frequently the result of unsuitable recommendations rather than ordinary market risk. Our attorneys can analyze your investments, determine whether your broker or financial advisor acted improperly, and pursue recovery of your losses.
Mid Atlantic Clearing and Settlement Corporation is a broker-dealer that acts as a mutual fund clearing entity, processing and settling mutual fund trades for retirement plans and other institutional clients. Incorporated in Delaware in 1994 and based in Needham, Massachusetts, the firm is a subsidiary of Mid Atlantic Trust Company within the Ascensus family of retirement and trust companies.
Mid Atlantic Clearing & Settlement Corporation – By the Numbers:
- CRD #: 37466
- Regulatory Events: 1
- Broker Employees: 19
Mid Atlantic Clearing & Settlement Corporation – In the News:
FINRA v. Mid Atlantic Clearing & Settlement Corporation (Case #2015046823201) – Between January 2014 and December 2014 (the “Relevant Period”), Advisors failed to deliver quarterly account statements to each of the Firm’s forty-eight (48) Retirement Plan Customers, in violation of NASD Rule 2340 and FINRA Rule 2010. In addition, prior to March 2015, the Firm failed to establish and maintain an adequate supervisory system, including written supervisory procedures, for the delivery of quarterly account statements, in violation of NASD Rule 3010(a) and (b) (for violations occurring prior to December 1, 2014), FINRA Rule 3110(a) and (b) (for violations occurring on or after December 1, 2014) and FINRA Rule 2010.
If you have suffered investment losses at Mid Atlantic Clearing & Settlement Corporation, the FINRA arbitration attorneys at Gana Weinstein LLP can review your accounts and tell you whether you have a claim. Our consultations are free and we welcome all inquiries.