Securities Lawyers Blog
A concentrated investment portfolio, a failure to diversify, or an investment with far more risk than the investor understood are common causes of large investment losses. The broker negligence attorneys at Gana Weinstein LLP help investors at firms such as Pluris Capital Group, Inc. determine whether their financial advisor breached the duty to recommend suitable investments and, when the advisor did, pursue recovery through FINRA arbitration.
Pluris Capital Group is a broker-dealer that specializes in private placements and merger and acquisition activities, offering eligible investors opportunities to invest in private companies and investment funds. Organized in New York in 1992, the firm is based in Brooklyn.
Pluris Capital Group, Inc. – By the Numbers:
- CRD #: 30811
- Regulatory Events: 3
- Broker Employees: 2
Pluris Capital Group, Inc. – In the News:
FINRA v. Pluris Capital Group, Inc. (Case #2018056477801) – In August 2017, Fletcher, on behalf of Pluris, negligently signed two documents containing false statements. Fletcher knew that those documents would be submitted to a court to obtain judicial confirmation that securities issued in exchange for the satisfaction of claims against two companies would be deemed exempted securities under Section 3(a)(10) of the Securities Act of 1933 (“Securities Act”) and thus generally not subject to the registration requirements of Section 5 of the Securities Act. Respondents’ conduct contravened Section 17(a)(2) of the Securities Act, thereby violating FINRA Rule 2010. From August through October 2017 (the “Relevant Period”), Pluris failed to establish, maintain and enforce a supervisory system, including written supervisory procedures (“WSPs”), reasonably designed to achieve compliance with the registration requirements of Section 5 of the Securities Act. Specifically, Pluris did not implement reasonable systems or written procedures to determine whether securities issued in reliance on Section 3(a)(10) of the Securities Act were exempt from Section 5’s registration requirements. This conduct violated FINRA Rules 3110 and 2010.
Investors who believe they were the victim of broker misconduct or financial advisor negligence at Pluris Capital Group, Inc. should act promptly, because FINRA arbitration claims are subject to time limits. Contact the securities arbitration lawyers at Gana Weinstein LLP for a free consultation.