Securities Lawyers Blog
Many investors who have lost money with a broker at NatAlliance Securities, LLC wonder whether they can recover their investment losses and how long they have to act. The securities arbitration attorneys at Gana Weinstein LLP represent investors in FINRA arbitration, the forum where most claims against brokerage firms and stockbrokers are decided. Our attorneys can explain the FINRA arbitration process, the time limits that apply to your claim, and the damages that may be recovered.
NatAlliance Securities is a boutique, employee-owned investment firm that trades agency and non-agency mortgage-backed securities, asset-backed securities, whole loans, corporate and municipal debt and equities, and provides investment banking including mergers and acquisitions advice. Headquartered in Austin, Texas, with additional offices across the country, the firm traces its roots to 1997 and serves clients ranging from large institutions to middle market companies.
NatAlliance Securities, LLC – By the Numbers:
- CRD #: 39455
- Regulatory Events: 8
- Broker Employees: 47
NatAlliance Securities, LLC – In the News:
FINRA v. NatAlliance Securities, LLC (Case #2020068495402) – From January 2019 through the present, NatAlliance failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to review its traders’ bond marks to ensure accurate books and records, in violation of FINRA Rules 3110 and 2010. From April 2020 through September 2020, Trader A, a former NatAlliance proprietary corporate bond trader, inaccurately marked the value of numerous bonds in his trading book. Due to Trader A’s mismarking, NatAlliance failed to make and keep accurate books and records of the firm’s net capital, thereby filing four inaccurate monthly FOCUS reports between April 2020 and July 2020, in violation of Section 17(a) of the Exchange Act, Exchange Act Rules 17a-3 and 17a-5, and FINRA Rules 4511 and 2010. From April 2020 through September 2020, Adams failed to reasonably supervise Trader A, in violation of FINRA Rules 3110 and 2010.
FINRA v. NatAlliance Securities, LLC (Case #2016052118001) – This matter originated from a review by FINRA’s Department of Market Regulation. From October 2016 through December 2017, NatAlliance engaged in a pattern and practice of distributing or publishing unsupported “throw-away” bids in multiple illiquid municipal securities that were not based on the firm’s best judgment of the fair market value (FMV) of the securities. Such conduct violated Municipal Securities Rulemaking Board (MSRB) Rules G-13 and G-17. Moreover, from October 2016 to the present, NatAlliance failed to establish, maintain and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with MSRB Rule G-13. Such conduct violated MSRB Rule G-27.
A brokerage firm’s regulatory history is often important evidence in a FINRA arbitration claim. If you lost money at NatAlliance Securities, LLC, the securities arbitration attorneys at Gana Weinstein LLP can review the firm’s record alongside your accounts, free of charge.