Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as Parkland Securities, LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
Parkland Securities is an independent broker-dealer that offers mutual funds, equities, fixed income, options, variable and fixed annuities, life insurance, and alternative investments such as REITs and oil and gas programs through independent branch offices, and it serves as broker of record for the Axis Advice Engine wrap fee program sponsored by affiliate Sigma Planning Corporation. Formed in Delaware in 2001 and headquartered in Ann Arbor, Michigan, the firm clears through National Financial Services and operates branches across the United States and its territories with administrative support from affiliate Axtella.
Parkland Securities, LLC – By the Numbers:
- CRD #: 115368
- Regulatory Events: 11
- Arbitration Events: 1
- Broker Employees: 305
Parkland Securities, LLC – In the News:
FINRA v. Parkland Securities, LLC (Case #2016052300601) – From May 22, 2014 through December 31, 2016 (the “Relevant Period”), Parkland failed to establish, maintain, and enforce a supervisory system and written supervisory procedures reasonably designed to achieve compliance with securities laws, regulations, and FINRA Rules applicable to the sales of leveraged, inverse, and inverse-leveraged exchange-traded funds (“Non-Traditional ETFs”). As a result, Parkland violated FINRA Rules 3110 and 2010 and NASD Rule 3010. These violations were aggravated by the fact that Parkland represented to FINRA that it would implement specific corrective measures to cure these deficiencies, but failed to implement the measures in the time-frame anticipated by FINRA based on Parkland’s representations.
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.