Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Moody Capital Solutions, Inc. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Moody Capital Solutions is a boutique investment banking broker-dealer that advises companies on rights offerings, mergers and acquisitions, private placements, public offerings, and debt financing. Organized in Pennsylvania in 1984 and previously known as Penn Center Investments, RedChip Securities, and MidSouth Capital Markets Group, the firm is headquartered in Alpharetta, Georgia, and also maintains an office in New York City.
Moody Capital Solutions, Inc – By the Numbers:
- CRD #: 15989
- Regulatory Events: 1
- Broker Employees: 11
Moody Capital Solutions, Inc – In the News:
FINRA v. Moody Capital Solutions, Inc (Case #2022073261701) – From January 2020 to May 2023, Moody Capital failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with FINRA rules governing outside business activities (OBAs) and outside securities accounts, in violation of FINRA Rules 3110 and 2010. Additionally, from January 2020 to December 2022, the firm did not evaluate 23 OBAs disclosed by registered representatives, in violation of FINRA Rules 3270.01 and 2010. Further, from January 2020 to June 2023, the firm’s anti-money laundering (AML) program was not reasonably designed to achieve compliance with Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements. Finally, the firm did not conduct independent tests of its AML program from 2020 to the present. Therefore, the firm violated FINRA Rules 3310 and 2010. For these violations, the firm is censured and fined $50,000, and agrees to an undertaking.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free and we welcome all inquiries.