Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Palladium Capital Group, LLC. 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.
Palladium Capital Group is an investment banking broker-dealer that arranges best-efforts underwritings, private placements, and PIPE transactions and advises on mergers and acquisitions, including reverse mergers. Organized in Delaware, the firm began operations in April 2004 and is headquartered on West 57th Street in New York City.
Palladium Capital Group, LLC – By the Numbers:
- CRD #: 129400
- Regulatory Events: 1
- Broker Employees: 8
Palladium Capital Group, LLC – In the News:
FINRA v. Palladium Capital Group, LLC (Case #2019064878901) – From January 2017 to June 2020, Palladium failed to develop and implement an Anti-Money Laundering (AML) compliance program reasonably designed to achieve compliance with the requirements of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, the firm failed to establish and implement policies and procedures that could be reasonably expected to detect and cause the reporting of suspicious transactions. As a result, Palladium violated FINRA Rules 3310(a), 3310(f), and 2010. Also, in 2018, Palladium failed to conduct an adequate independent test of its AML compliance program. As a result, the firm violated FINRA Rules 3310(c) and 2010. In addition, from January 2017 to June 2020, Palladium’s supervisory system, including written supervisory procedures (WSPs), was not reasonably designed to achieve compliance with FINRA Rule 2111, including its due diligence on private placements. As a result, Palladium violated FINRA Rules 3110 and 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.