Securities Lawyers Blog
The investment fraud lawyers at Gana Weinstein LLP represent investors nationwide in FINRA arbitration claims against brokerage firms such as R. F. Lafferty & Co., Inc. Retirement account losses, structured product losses, private placement losses, and losses in non-traded REITs and other alternative investments are frequently the result of unsuitable recommendations rather than ordinary market risk. Our attorneys can analyze your investments, determine whether your broker or financial advisor acted improperly, and pursue recovery of your losses.
R F Lafferty and Company is a full-service broker-dealer and investment adviser engaged in retail brokerage, market making, corporate underwriting, private placements, proprietary trading, government and municipal securities, and insurance products. Founded in New York in 1976 and headquartered on Wall Street in Manhattan, the firm is registered in all 50 states and operates through branch offices doing business under names such as Clearthink Securities and DPR Wealth Management.
R. F. Lafferty & Co., Inc. – By the Numbers:
- CRD #: 2498
- Regulatory Events: 5
- Arbitration Events: 2
- Broker Employees: 80
R. F. Lafferty & Co., Inc. – Investment Advisors:
- SEC #: 107428
- Assets Under Management: $129,823,421
- ADV Form Employee: 80
R. F. Lafferty & Co., Inc. – In the News:
FINRA v. R. F. Lafferty & Co., Inc. (Case #2016047634501) – From July 2014 to July 2017, R.F. Lafferty failed to maintain order memoranda that accurately reflected whether trades were solicited or unsolicited for more than 56,000 trades in customer accounts during the same time period, in violation of Section 17(a) of the Securities Exchange Act of 1934 (Exchange Act), Rule 17a-3 thereunder, and FINRA Rules 4511 and 2010. R.F. Lafferty also failed to establish and maintain a supervisory system, and failed to enforce written supervisory procedures, reasonably designed to achieve compliance with applicable recordkeeping laws, regulations, and rules pertaining to review and retention of order memoranda, in violation of NASD Rule 3010 (for conduct before December 1, 2014), FINRA Rule 3110 (for conduct on or after December 1, 2014), and FINRA Rule 2010.
The FINRA actions described above involve R. F. Lafferty & Co., Inc. itself, and investors whose losses are connected to the conduct FINRA identified may have claims against the firm. Gana Weinstein LLP offers free consultations and we welcome all inquiries.