Securities Lawyers Blog
Gana Weinstein LLP is a securities law firm that represents investors in investment disputes with brokerage firms and financial advisors, including customers of Pictet Overseas Inc. Our practice covers the full range of investor claims, from unsuitable investments, margin losses, and options trading losses to breach of fiduciary duty and failure to supervise. If your financial advisor lost your money, our FINRA lawyers can determine whether the losses were the result of misconduct and whether a claim against the brokerage firm is available.
Pictet Overseas is a broker-dealer and futures commission merchant that provides securities and futures sales and trading services to clients of the Pictet Group. Based in Montreal, the firm is a subsidiary of the Pictet Group, the Geneva-based private banking, wealth management and asset management partnership.
Pictet Overseas Inc. – By the Numbers:
- CRD #: 36500
- Regulatory Events: 3
- Broker Employees: 27
Pictet Overseas Inc. – In the News:
FINRA v. Pictet Overseas Inc. (Case #2022076395201) – From September 2021 to February 2025, Pictet’s anti-money laundering (AML) compliance program was not reasonably designed to detect and cause the reporting of suspicious transactions in low-priced securities. As a result, Pictet violated FINRA Rules 3310(a), 3310(f)(ii), and 2010. During the same period, Pictet failed to implement reasonably designed policies, procedures, and controls to conduct due diligence on correspondent accounts of foreign financial institutions (FFIs), including by failing to conduct periodic reviews of FFI account activity. As a result, Pictet violated FINRA Rules 3310(b) and 2010.
Elder financial abuse and exploitation of elderly investors are among the claims our firm pursues most vigorously. If you or a family member suffered investment losses because of a financial advisor at Pictet Overseas Inc., the attorneys at Gana Weinstein LLP are available for a free consultation.