Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Pinnacle Investments, 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.
Pinnacle Investments is a broker-dealer and registered investment adviser that offers wealth and asset management, brokerage in equities, bonds, mutual funds, options, and variable annuities, and private placements through a partnership of advisors. Based in East Syracuse, New York, the firm marked its 25th anniversary in 2021, operates 20 branch locations across 10 states, and is owned by Pinnacle Holding Company.
Pinnacle Investments, LLC – By the Numbers:
- CRD #: 142910
- Regulatory Events: 4
- Broker Employees: 67
Pinnacle Investments, LLC – Investment Advisors:
- SEC #: 67860
- Assets Under Management: $1,293,553,606
- ADV Form Employee: 60
Pinnacle Investments, LLC – In the News:
FINRA v. Pinnacle Investments, LLC (Case #2022073421202) – From June 30, 2020, through September 2024, Pinnacle violated Rule 15l-1 of the Securities Exchange Act of 1934 (Reg BI), as well as FINRA Rules 3110 and 2010, by failing to establish, maintain, and enforce a reasonable supervisory system, including written supervisory procedures (WSPs), concerning recommendations of inverse, or leveraged exchange traded funds or notes (NT-ETPs). Also, from May 2021, through June 2024, Pinnacle violated FINRA Rules 3110 and 2010 by failing to establish, maintain, and enforce a supervisory system reasonably designed to monitor for discretionary and/or unauthorized trading in customer accounts. In addition, from 2016 to 2022, the firm failed to conduct timely branch inspections, in violation of FINRA Rules 3110 and 2010. For these three supervisory violations, Pinnacle is censured, fined $65,000, ordered to pay restitution of $53,847.99 plus interest, and has agreed to an undertaking.
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.