Securities Lawyers Blog
Financial advisor complaints, broker complaints, and FINRA customer disputes are public on BrokerCheck, and a broker’s regulatory history is often the first thing an investor checks after an unexpected loss. The investor attorneys at Gana Weinstein LLP help customers of firms such as Oakwood Capital Securities, Inc. understand what a financial advisor’s disciplinary history means and whether their own losses support a claim against the broker or the brokerage firm.
Oakwood Capital Securities is a broker-dealer providing transaction-based brokerage services in securities along with insurance and annuity products for individual investors. Registered with the SEC since 1987, the firm is headquartered in Minneapolis, Minnesota.
Oakwood Capital Securities, Inc. – By the Numbers:
- CRD #: 21000
- Regulatory Events: 1
- Broker Employees: 124
Oakwood Capital Securities, Inc. – In the News:
FINRA v. Oakwood Capital Securities, Inc. (Case #2020065145802) – Between October 2019 and December 2020, Oakwood Capital Securities, while under previous management, failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to surveil rates of deferred variable annuity exchanges. Accordingly, Oakwood violated FINRA Rules 3110, 2330(d), and 2010. For these violations, Oakwood is censured and fined $20,000.
You do not have to accept investment losses caused by broker negligence or fraud. Gana Weinstein LLP represents investors, including customers of Oakwood Capital Securities, Inc., in FINRA arbitration and in state and federal court, our consultations are free, and we welcome all inquiries.