Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as Rainmaker Securities, LLC. Many investors do not recognize financial advisor misconduct when it happens, but there are steps that can be taken to recover investment losses. There are many different types of broker misconduct, including breach of fiduciary duty, failure to supervise, misrepresentation, and churning. The attorneys at Gana Weinstein LLP can analyze your investments to determine if there was actionable misconduct by the broker or brokerage firm.
Rainmaker Securities is a broker-dealer specializing in the secondary market for shares of late-stage private companies, connecting buyers and sellers through special purpose vehicles, hypothecation, and direct share transfers and publishing market news and research through its RainmakerX platform. Formed in Delaware in 2004, the firm has offices in Miami, Los Angeles, Chicago, and Silicon Valley and serves institutional and individual clients worldwide through a network of more than 60 broker partners across the United States, Europe, and Asia Pacific.
Rainmaker Securities, LLC – By the Numbers:
- CRD #: 132995
- Regulatory Events: 4
- Broker Employees: 59
Rainmaker Securities, LLC – In the News:
FINRA v. Rainmaker Securities, LLC (Case #2016048232401) – From September 2015 to June 2016, Rainmaker did not record, or make reasonable efforts to obtain, required information about its customers, such as their age, employment status, occupation, income, net worth, and investment objectives, in connection with approximately sixty primary and secondary transactions involving securities that are exempt from registration. That practice reflected Rainmaker’s supervisory system and written procedures, which were not reasonably designed to achieve compliance with these requirements. As a result, Rainmaker violated Securities Exchange Act of 1934 Rule 17a-3 and FINRA Rules 2010, 3110, and 4512.
Our attorneys have successfully represented hundreds of investors in investment disputes with their brokers and brokerage firms. Our consultations are free and we welcome all inquiries.