Securities Lawyers Blog
The investment lawyers at Gana Weinstein LLP have experience helping investors determine whether their portfolio losses at investment firms, such as R. Seelaus & Co., LLC, were caused by broker misconduct. There are many different ways that your broker can impermissibly drain your accounts. Our attorneys can help you understand the cause of your investment losses, uncover misconduct, and apply the law to hold accountable those responsible.
R. Seelaus and Company is a women-owned and certified women’s business enterprise broker-dealer offering capital markets, fixed income and equity trading, institutional sales, brokerage, investment advisory, asset management, and insurance services. Founded in 1984 by Richard Seelaus as a municipal bond broker-dealer and headquartered in Chatham, New Jersey, the firm has offices in New Jersey, Connecticut, Florida, Illinois, and Massachusetts and serves individuals, families, companies, nonprofits, and institutional investors.
R. Seelaus & Co., LLC – By the Numbers:
- CRD #: 14974
- Regulatory Events: 12
- Broker Employees: 55
R. Seelaus & Co., LLC – In the News:
FINRA v. R. Seelaus & Co., LLC (Case #2015047779501) – In Review Nos. 20150477795 and 20160519597, FINRA’s Department of Market Regulation conducted Municipal Bond Late Trade reviews for the periods July 1, 2015 through March 31, 2016 and July 1, 2016 through December 31, 2016. During the first review period, the firm failed to report 291 municipal securities transactions to the Real-time Transaction Reporting System (“RTRS”) within 15 minutes of the time of trade, and during the second review period it failed to timely report 177 such transactions, in violation of MSRB Rule G-14.
FINRA v. R. Seelaus & Co., LLC (Case #2015046947201) – In Review No. 20150469472, the staff of FINRA’s Department of Market Regulation (“the staff”) conducted a Municipal Bond Fair Pricing review, for the period April 1, 2015 through December 31, 2015 (“the review period”). This review showed that the firm charged prices that were not fair and reasonable in connection with 28 pairs of transactions in municipal bonds executed by the firm during the review period, in violation of Municipal Securities Rulemaking Board (“MSRB”) Rules G-30(a) and G-17.
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 accounts. Our consultations are free and we welcome all inquiries.