Securities Lawyers Blog
Brokerage firms such as Portfolio Resources Group, Inc. have a duty to supervise their financial advisors and to recommend only investments that are suitable for their customers. When a firm breaches that duty through negligent supervision, overconcentration, excessive investment risk, or misrepresentation, investors have the right to bring a claim against the brokerage firm. The broker misconduct attorneys at Gana Weinstein LLP represent investors in these claims and can evaluate whether your investment losses were caused by misconduct.
Portfolio Resources Group is a broker-dealer that provides securities brokerage services to its clients. Organized in Florida in 1992, the firm is headquartered in Coral Gables.
Portfolio Resources Group, Inc. – By the Numbers:
- CRD #: 31155
- Regulatory Events: 4
- Broker Employees: 41
Portfolio Resources Group, Inc. – In the News:
FINRA v. Portfolio Resources Group, Inc. (Case #2017052146901) – During the time period of January 1, 2012 through October 2017 (hereinafter the “relevant time period”), PRG violated FINRA Rules 3310(a) and 2010 by failing to establish and implement policies and procedures reasonably designed to detect and cause the reporting of potentially suspicious transactions. Specifically, the firm failed to identify, and in some cases, to document its detection and investigation/due diligence, of potentially suspicious transactions involving customer accounts that engaged primarily in high levels of money movements with little or no corresponding securities transactions.
Gana Weinstein LLP has successfully handled hundreds of customer investment disputes with their brokerage firms. Our attorneys can help you detect and uncover suspicious activity in your Portfolio Resources Group, Inc. accounts. Our consultations are free and we welcome all inquiries.