Securities Lawyers Blog
The law offices of Gana Weinstein LLP represents investors in investment disputes with their financial advisors or brokerage firms, such as RCX Capital Group, 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.
RCX Capital Group is a broker-dealer that provides mergers and acquisitions advisory services and best-efforts private placements of securities, earning most of its revenue from private placement commissions on offerings by real estate industry sponsors. Formed in California in 2000 and now based in The Woodlands, Texas, the firm has been wholly owned by RCX Capital Group Holdings since December 2023.
RCX Capital Group, LLC – By the Numbers:
- CRD #: 114290
- Regulatory Events: 1
- Broker Employees: 16
RCX Capital Group, LLC – In the News:
FINRA v. RCX Capital Group, LLC (Case #2019063365401) – Between June 11, 2018 and August 29, 2018, RCX distributed a private placement memorandum that contained contradictory statements regarding the offering’s minimum contingency amount and a misleading statement regarding the presence of an escrow account, in violation of FINRA Rules 2210(d)(1)(A), 2210(d)(1)(B), and 2010. Further, in connection with the same offering, although RCX timely filed the private placement memorandum with FINRA, it failed to file an amendment that materially changed the terms of the offering, in violation of FINRA Rules 5123 and 2010.
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.