Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Penserra Securities, LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Penserra Securities is a broker-dealer firm registered in the United States securities industry. The firm was formed in New York in 2007.
Penserra Securities, LLC – By the Numbers:
- CRD #: 145994
- Regulatory Events: 2
- Broker Employees: 44
Penserra Securities, LLC – In the News:
FINRA v. Penserra Securities, LLC (Case #2023077017201) – From May 2022 through May 2024, Penserra sent approximately 41,000 inaccurate trade confirmations to its customers, which either (1) contained an average price disclosure when the trade was a single execution at a single price; or (2) failed to disclose that the price identified was, in fact, an average price. As a result, Penserra violated Rule 10b-10 of the Securities Exchange Act of 1934, and FINRA Rules 2232 and 2010. Also from May 2022 through May 2024, Penserra failed to establish, maintain, and enforce a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with Exchange Act Rule 10b-10 and FINRA Rule 2232. Accordingly, Penserra 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.