Securities Lawyers Blog
Elder financial abuse, unauthorized trading, churning, and broker theft are among the most serious forms of broker misconduct, and they can occur at brokerage firms of every size. The investor attorneys at Gana Weinstein LLP represent individuals and families who have suffered investment losses because of a dishonest or negligent financial advisor, including customers of firms such as Patrick Capital Markets, LLC. We review account activity, identify misconduct, and bring FINRA arbitration claims to recover what was lost.
Patrick Capital Markets is a broker-dealer that offers a limited range of products to retail investors, including non-traded real estate investment trusts, private placements, and mutual funds, and also wholesales offerings to other broker-dealers and registered firms. Organized in Missouri in 2008, the firm is headquartered in St Louis.
Patrick Capital Markets, LLC – By the Numbers:
- CRD #: 16518
- Regulatory Events: 1
- Broker Employees: 36
Patrick Capital Markets, LLC – In the News:
FINRA v. Patrick Capital Markets, LLC (Case #2020065252801) – Between September 2018 and December 2019, PCM acted as the managing broker-dealer in the three contingency offerings that are the subject of this matter. PCM failed to terminate two of those offerings and return investor funds when material terms changed in the offerings and rendered false certain representations made in the third offering by releasing investor funds to the issuer before the offering reached the required minimum contingency. As a result, PCM willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Exchange Act Rule 10b-9 promulgated thereunder and violated FINRA Rule 2010.
FINRA disciplinary actions against a brokerage firm rarely tell the whole story of how customers were affected. If you were a customer of Patrick Capital Markets, LLC during the periods described above, the FINRA attorneys at Gana Weinstein LLP can determine whether you have a claim. Our consultations are free.